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.
Monday, February 27, 2006
weekend Follies (Feb 25-26, 2006)
Six culprits for the weekend follies list. Weekend follies consist of companies who release information at oddball hours over the weekend. One company from Nasdaq First Franklin (FFHS) makes the list for two weeks in a row. Five NYSE companies: Suez (SZE), Sierra Pacific (SRP), Pope and Talbot (POP), Anthracite Capital (AHR) and lastly Peoples Energy (PGL) who announce that their President is leaving but omit the stock symbol from their press release. Pope and Talbot announce that they need to delay their previously announced earnings announcement. There was no announcement on why the announcement dates needed to be altered. This of course focuses attention on the announcement timing rather than the actual contents of the announcement. Sorry sometimes I cannot help myself.