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.
Tuesday, January 24, 2006
KLA-Tencor (Nasdaq:KLAC) declares dividends before announcing earnings
Jan 24 two days before it will release earnings on Jan 26, 2006. Dividend declarations before earnings are always dangerous and require more caveat emptor. A desperate management group could declare dividends before releasing bad news. Or if they do not declare the usual dividend then a signal is sent to the market without regard to the real intent of Reg FD.