<David Alger said on CNBC that CSCC officers had a confidential call with selected analysts after their public conference call . They had a more pessimistic outlook in their secret call. If this is true, and I suspect it is, isn't this illegal? Someone with legal knowledge of securities please help out. I am long on CSCC.>
that happened awhile back. In fact, in the article "The March to 7000: Diary of the Mad Dow," Ms Melanie Warner reported that Mr Alger called Mr Dan Smith, CEO of CSCC, up about that. Yes, the former even threatened to sue. Instead, he sold the million shrs he held at the time.
i think CSCC was trying a bit much hard to please the street and inadvertently shot itself in the foot by having Mr Paul Blondin, the CFO of CSCC, to have an *off-the-record* conversation with some people. In a way, that points to inexperience of the present mgt; on the other hand, since we have not seen *ambulance chasers* thus far, probably it is water under the bridge (sorry for the mixed metaphor :-).)
while writing this, it dawns on me this: while people try to justify the movement of the shr price by guestimating all sort of numbers, i think CSCC, and other networkers, as that matters, can help the shrholders a lot by demonstrating to the street that its mgt is on top of things - even if that means it has to add mgt talents to the team
regards
Bosco |
