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.
Monday, November 02, 2009
Motorola Continues Wiggle
Motorola (MOT) Hello Moto came out with an interesting caveat in its last earnings release. When it dealt with Q4 guidance it included the caveat “This outlook excludes charges associated with the Company's operating expense reduction initiatives, as well as any other items of the variety typically highlighted by the Company in its quarterly earnings releases.” This pretty well gives you any wiggle room you need. Which Motorola typically has needed.