UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TMFTom9 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10413  
Subject: Re: Stupid or Crooked? (Tom9) Date: 10/7/2002 11:32 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Hey 1971Simon:

First off, and in general to posters here, I've edited the piece to reflect that the debate over insider and instituional ownership percnetages doesn't change the point.

On whether and where to report: There is nothing to report in the U.S., because the company is not subject to the same SEC reporting requirements on insider trades as are U.S. based corps, to my knowledge. I don't know the British rules, but I'll bet others are looking there.

My point is that mgmt.'s statements in July and now raise serious questions because they either don't know their business or are lying about it. We edited the article at 1:45 last Thursday, and it said among other inane things, that it happened in part because there are two vacation months in Q3. Uh, excuse me, but was that new this year? I think not.

Also, there's a Bloomberg UK interview where Saxbe takes harder hits from British journalists and doesn't address the inconsistency of company statements. Amazing.

I'm sure that if there are any legal problems here, there will be a flood of people ahead of any of us. If it is just lousy management, well, the stock will reflect that over time. I just want them to say, "we were overly enthusiastic in July. We should never have made those kind of projections. we'll spend less time predicting the course of our business, and more managing it and reporting the realities."

A guy can dream, can't he? ;-)

Best wishes, and Fool on,
Tom9
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Value Hounds

Ubiquiti Analysis
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement