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.
Wednesday, February 17, 2010
Winn Dixie No Segmented Info
Winn Dixie (WINN) reported that they doubled First Call consensus earnings and believe operations are moving along smartly. When reading the earnings release investors cannot help but notice that no information is provided on a geographical basis and no information is provided on a product line basis. They report the same store sales mantra and give you a peak at the new stores just to whet appetites.