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.
Wednesday, February 22, 2006
Allstate (NYSE:ALL) declares dividend with an extra serving of corporate puff
Allstate announces a pretty fancy dividend increase and then goes on to do some corporate puffery about how big they are with individual consumers. They neglect to deal with the fundamentals that allow a record increases in dividends, especially in a post Katrina claims environment. This might be a good time to deal with guidance or something like that.