I would say the details of how a company manages its press coverage are very relevant. When you are trying to analyze the quality of management and you can't meet with them, you look for any evidence you can get.
For example, someone here once pointed out that Corel ran an ad promoting Java in USA Today. I checked the ad and it was a highly technical discussion with lots of jargon published in a very mass market newspaper where articles rarely run more than 800 words!
Moral: They didn't seem to know how to spend resources very well, and they may have communications problems. And indeed, we see that costs, not to mention promoting themselves and their products correctly, are among their big problems.
If indeed Corel initiated a negative article about themselves in the Citizen, I would submit that says volumes about the quality of management, and whether you want to invest with them.
I realize, though, that some people only want to focus on the price to sales ratio, or the latest satellite TV contract. Important, yes. But by no means the whole picture.
Also, knowing the depth of the credibility of thread participants here is very, very relevant. How can you know about that unless you push them to back up things they say, and see how they react under pressure?
I am surprised, Jim, that you do not know these things.
When Bean says that management deliberately initiated a negative article about itself to distract attention from other issues, it means that either Bean or management is delusional. Well, at least we have it narrowed down.
Anyway, everything will be different after the revolution. You will see.
Happy Investing!
Vanni |
