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.
Friday, July 31, 2009
Washington Post -- What Is The Future?
Washington Post (WPO) reported Q2 results. They made a slight profit and the stock went up. I think Berkshire Hathaway investors are richer today. But what about tomorrow? Washington Post paid for a lot of difficult restructuring. The print and television side did not do well. The educational side was very encouraging. The executives did not layout any plans for the future. My suspicion is that there are some closed door meetings as they cannot continue into the next business cycle without shifting some major gears.