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.
Thursday, May 21, 2009
Limited Brands Limited Information
Limited Brands (NYSE:LTD) reported quarterly earnings by throwing some numbers out and including no substantive commentary about results. The bare bones approach was appalling. Investors relying on this press release do not have enough information to make a buy, sell or hold decision. If the board only receives this abbreviated level of information they do not have enough information to do their job.