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, January 12, 2006
Siebel Shameless Tout (Siebel Systems NASDAQ:SEBL)
Siebel Systems (NASDAQ:SEBL) shamelessly touts its own horn in their latest press release. They are very proud that they did better than they said they would. Makes you wonder if something was held back allowing the astute to profit and now the stock is getting extra juice. The quote in question from their press release is “…significantly exceeded management guidance and analyst consensus expectations…” Hmmm.