GREY:CLLZF - Post by User
Comment by
Jmarks7on Apr 02, 2004 6:54pm
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Post# 7309008
RE: Averaging down?
RE: Averaging down?poundmaker
You make a valid point with regards to the chairperson. I guess it would be "personal reasons" if the chairperson thought that management was doing something against their own beliefs.
To be a fly on the wall during those meetings in which the Chairperson finally decided to bail!
There was a segment on ROB-TV not long ago where a Forensic Account spoke about how companies fudge the finacials. In his opinion most of the companies mislead insvestors on purpose! He stated that unless your an accountant yourself that it is almost useless for the average investor to even look at the finacials of a company as they can be manipulated in so many ways it isn't funny!!
Some how we have to make it such that the honest companies are the ones that gain something from telling it like it is, in a timely fashion. Good and bad. Only then will the average investor have a chance at making an informed decision. Until then we are at the mercy of the integrity of the people in power.