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, March 09, 2006
NYSE (NYX) Takes Care of its Own
NYSE is now public. That’s very good because now we get to ask some questions. On the www.nyse.com web site they indicate they have 47.5 million shares outstanding. In yesterdays SEC filing NYSE allocates 12.5 million shares to the employee stock option plan at the price of $65.50 @ share. That’s one big whopping amount of shares. Something like 25% or better. Big really big.