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, April 08, 2009
Bed Bath & Beyond Skimpy Disclosure
Bed Bath & Beyond (BBBY) issued Q4 and year end numbers. Given the approximate 20% increase in share price the market must be pleasantly surprised. So when you read the press release why is there no explanation of what is going on? They throw in the financials and a few words of financial elevator analysis. This was up that was down and that's it. Given today's difficult retail environment the management team needs to open up the kimono and explain why everything looks so damn good.