Monday, May 04, 2009

Loews Corporation Abbreviated Reporting

Loews Corporation (L) released its Q1 results and let shareholders know that they lost some money. The press release was one of the most abbreviated documents on Wall Street, containing little to no information that an investor could rely on. Essentially they put out a few high level statements and some basic financial information; told investors they had lost an astounding $647 million and then signed of. Conference call scheduled for today Monday 10:00 May 4, 2009. The press release is so abbreviated the conference call has to be Reg FD challenged if significant financial information comes out.