Posted by dylan398 on 10th of Sep 2008 at 07:34 am
pre announces @ 7:30 AM.....is there a reason these companies/
governments do all of their annouincing afterhours?? trapping most
investors and creating huge trading swings in a highly unbalanced
trading enviornment.....Wall St. sure is looking very amateurish
lately...I really have to ask myself how these idiots were getting
paid so much money
Posted by dbray740 on 10th of Sep 2008 at 09:57 am
I think they want to keep things fair, and so they do it so that
eveyone has time to assimilate the information before the market
opens. That may not be the reason, but it's one possibility.
Posted by pepperwu on 10th of Sep 2008 at 10:00 am
It is just bad practice to release hugely market sensitive
announcements during trading hours. In any case, most
exchanges suspend a stock for 15 minutes after market sensitive
announcements, so either way, the announcement will be factored
into the next trade
Posted by rgoodwin on 10th of Sep 2008 at 09:28 am
Therein lies the answer to Pepperwu's question - are these
companies worth nothing...when you pay your execs miliions and
millions for nothing but carnage and horrific decisions - well
then, maybe they are worth nothing - they don;t deserve the respect
of shareholders to be in business at all.
Posted by dallahoo on 10th of Sep 2008 at 10:38 am
if it is only the measure of worth that one seeks, in times of
financial hardship (aka credit-is-tighter-than-a-spy's-lips) a
financial company should be evaluated based on its balance sheet,
and nothing, nothing else. Not income statement, not dividend
ratio, not CNBC, not Paulson, not Jimbo-The-Clown, not Korean
overtures, just the balance sheet. Now, take a look at the balance
sheet, assuming it is truthful, big assumption, I know, you still
get the answer to how much they are worth. The rest is smoke and
mirror. Those who shorted Fannie from way back when, knew there
were financial problems, just did the math and sat through all the
turbulance and came out victorious
Posted by rgoodwin on 10th of Sep 2008 at 10:45 am
BUt bad management can take down a good balance sheet - plenty
of historical accounts. They could become only worth the cash they
have and buildings they own - which in today's market - those too
are going down in value.
Posted by dallahoo on 10th of Sep 2008 at 10:56 am
that's very true, and will make the job of a fundamental analyst
very hard, he has to take a lot of economical risk parameters into
equation, and I mean a real analyst, not dime-dozen monkeys, with
after-the-fact revision that they parade on TV,
one reason I have not used my number crunching skill for
years,
but let's start with current state of LEH's balance sheet, what
are they really worth?
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Posted by dylan398 on 10th of Sep 2008 at 07:34 am
pre announces @ 7:30 AM.....is there a reason these companies/ governments do all of their annouincing afterhours?? trapping most investors and creating huge trading swings in a highly unbalanced trading enviornment.....Wall St. sure is looking very amateurish lately...I really have to ask myself how these idiots were getting paid so much money
I think they want to
Posted by dbray740 on 10th of Sep 2008 at 09:57 am
I think they want to keep things fair, and so they do it so that eveyone has time to assimilate the information before the market opens. That may not be the reason, but it's one possibility.
It is just bad practice
Posted by pepperwu on 10th of Sep 2008 at 10:00 am
It is just bad practice to release hugely market sensitive announcements during trading hours. In any case, most exchanges suspend a stock for 15 minutes after market sensitive announcements, so either way, the announcement will be factored into the next trade
Therein lies the answer to
Posted by rgoodwin on 10th of Sep 2008 at 09:28 am
Therein lies the answer to Pepperwu's question - are these companies worth nothing...when you pay your execs miliions and millions for nothing but carnage and horrific decisions - well then, maybe they are worth nothing - they don;t deserve the respect of shareholders to be in business at all.
if it is only the
Posted by dallahoo on 10th of Sep 2008 at 10:38 am
if it is only the measure of worth that one seeks, in times of financial hardship (aka credit-is-tighter-than-a-spy's-lips) a financial company should be evaluated based on its balance sheet, and nothing, nothing else. Not income statement, not dividend ratio, not CNBC, not Paulson, not Jimbo-The-Clown, not Korean overtures, just the balance sheet. Now, take a look at the balance sheet, assuming it is truthful, big assumption, I know, you still get the answer to how much they are worth. The rest is smoke and mirror. Those who shorted Fannie from way back when, knew there were financial problems, just did the math and sat through all the turbulance and came out victorious
BUt bad management can take
Posted by rgoodwin on 10th of Sep 2008 at 10:45 am
BUt bad management can take down a good balance sheet - plenty of historical accounts. They could become only worth the cash they have and buildings they own - which in today's market - those too are going down in value.
that's very true, and will
Posted by dallahoo on 10th of Sep 2008 at 10:56 am
that's very true, and will make the job of a fundamental analyst very hard, he has to take a lot of economical risk parameters into equation, and I mean a real analyst, not dime-dozen monkeys, with after-the-fact revision that they parade on TV, one reason I have not used my number crunching skill for years,
but let's start with current state of LEH's balance sheet, what are they really worth?