Loews Invokes Wizard of OZ

Loews Corporation (L) conference call revealed a great deal more information than was actually included in the press release. James S. Tisch President, Chief Executive Officer, Office of the President & Director started his comments with the following

“The Wizard of Oz famously said, “Pay no attention to that man behind the curtain,” and I feel like saying that today with respect to our first quarter earnings.”

But then they issue earnings releases they fail to provide relevant information leaving significant commentary for the conference call.