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, May 05, 2009
CNA Reveals More On Conference Call
CNA Financial (CNA) conference call went into great depth about the investment portfolio. The information was largely not dealt with in the press release. Richard W. Scott - Chief Investment Officer went into a lot of qualitative discussion. The investment analyst had many questions. But one thing was missing hard numbers in some kind of an acceptable financial format so that we could actually track the risks. I am not saying someone is lying. But the transparency is appalling.