Tuesday, September 19, 2006

FactSet Expenses Grow Too Fast

FactSet Research Systems Inc. (NYSE: FDS) reports supposedly excellent numbers with revenues up 23.9% on an annual basis. But operating expenses are up 30.7%. This clearly is a recipe for financial disaster. No comments are included in the press release. Will the conference call shed some light on this. In the meantime do not drink the cool-aid