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.
Tuesday, September 09, 2008
John Wiley & Sons Changes Reporting
John Wiley & Sons just reported decent earnings but with a changed format. They now report on a product line basis as opposed to geographical basis. It’s nice when you align your report to be more meaningful but most companies report geographically and by product area. That way investors have the full picture not just management’s selected version.