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, October 09, 2009
Adobe Reffirms its Guidance. Why??
Adobe (ADBE) just a short three weeks following it’s last guidance found reason to re-affirm its guidance for the current quarter which has a full eight weeks to go. Come on guy’s. Either the market does not believe and needs neurotic assurances, or something big is brewing and management knows it’s in the bag. Of course the share price is at its 52 week high and might need a little something to break out. Seems like there is a strange tone to the publicity drum. But hey maybe its just me.