I appreciate the companies in my portfolio that don’t say much. They just do their work, and don’t advertise it.
There is a bias among promotional companies, that one must promote the company in every press release. I disagree.
Jim Chanos has a new short target in his sights. Earlier this week, the hedge fund manager disclosed that he is betting against "legacy" data centers that face growing competition from the trio of technology giants, which have previously been their biggest customers. The fund manager, who is best known for his winning bet against Read More
Just be honest. If you don’t have anything significant to say, don’t say it. Spend your time on growing the business, rather than advertising accomplishments.
Truth: I would prefer that companies simply issue a 10-Q or 10-K, and do not hold a conference call for analysts. Just give us the data, and let us analyze it.
Let the analysts do their work, and don’t answer their phone calls. Create a genuine level playing field where no one gets to talk with management unless everyone is invited to listen.
I realize this is radical, but I am trying to be genuinely fair, which does not happen often on Wall Street.
By David Merkel, CFA of alephblog.com