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, March 15, 2006
Royal Group Midnight Moves (NYSE:RYG)
Royal Group (NYSE:RYG) at a few minutes before midnight announce that they have to delay financial reporting. When you have a problem trying to announce it in the middle of the night is not the best way to create or rebuild credibility.