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.
Tuesday, November 03, 2009
Diebold -- No Product Leadership
Diebold (DBD) announced disappointing results. Given the depressed nature of the financial sector its not surprising. In reading the earnings release investors reach the conclusion that Diebold was just an order taker and now orders are down. Yes the financial sector is on its hands and knees. But economies cannot develop without financial institutions functioning well. The self serve concept reduces operating costs. Yet Diebold seems to not have any thought leadership. If you are selling into a specific market you need to know where its going and offer compelling products. Diebold is signalling they do not have it.