"MY METRIC: Harvey Pitt, former SEC chief, now head of consultancy Kalorama Partners: When a company is subpoenaed by the SEC and says it is "cooperating fully," my instinct is to short the stock. Of course it's cooperating. Saying so just means trouble is probably coming."To me, this is all about falling back on cliches when mired in a high-profile (and high-stress) investigation or dispute. And you could as easily substitute "we believe in the merits of our case," for Pitt's quote above, or "we'll fight these charges in the courtroom..."
Sunday, January 13, 2008
Whatdya Say?
Just a quick post, with no link, from the most recent issue of Fortune (it's apparently not on the web), from Fortune's "First" section:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment