Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Thursday, December 22, 2005
McKinsy offers Laughable Advice
McKinsey Quarterly is recycling an old article entitled “What makes your stock go up” Targeted at C level officers the article essentially says that you need to get to know your 100 largest shareholders and potential shareholders. That way when they start to believe in your strategy they will buy more stock. This laughable tidbit disguised as strategic advice does show a disdain and bias against smaller shareholders. Perhaps the McKinsey people should read up on Reg FD and SOX legislation.