Commentary: Date Change of Earnings Report
When somebody says something and then changes it, I sometimes wonder why? Well, every since Messagemedia advanced the day it reports earnings, I've been wondering. I can't help but think the underlying reason for this change has something to do with timing. Here are some plausible explanations...
1) It's a scheduling problem: I see on messagemedia.com, where Messagemedia will be participating in two conferences the week they report earnings, with Robin Green speaking Wed 10/27 in San Francisco. Plausible Reason #1, it is better to go into a speaking engagement with the quiet period behind you.
2) It's a two-bagger: We have been expecting news on the launch of Messagemedia's London initiative for several months. Larry Jones' comments in the Cyberstock interview #reply-11661471 indicates Messagemedia has given London and Europe considerable thought. Plausible Reason #2, reporting is linked to developments in London. You can monitor London progress here...
messagemedia.co.uk .Presently, this URL maps to Messagemedia (ie, 206.168.6.1) in the US but this may change.
3) It's a coup de grace of single digits: Shortly after the CFO is appointed we get the change in reporting dates. Never mind they like to call him "Tork" (BTW, with a name like that, I don't suggest you pick up any pencils off the floor when in his office), his experience with sell-side analysts on his resume is eye catching #reply-11671209. Plausible Reason #3, Messagemedia is bringing one or more analysts on board who will announce coverage on the earnings report and there's been a little collusion.
The general consensus on Wall Street seems to be the market will roar after we get past October. If you listen to the Yahoos on CNBC, they all say they are waiting to take 5-15 percentage points off their favorite stock, but what they don't realize is that they have already made up their minds to be buyers. Folks, the market is going up!
Earlier this week when AOL was around $115/shr, one Yahoo (Note: a Yahoo is somebody who makes idiot statements, whereas a yahooey is an idiot who posts on Yahoo!) said he'd be a buyer of AOL if it dropped 10-15 percentage points. Hell, if he wanted AOL so bad, why didn't he buy it two days earlier when it was at $108/shr. Today it closed above $120 and Ole Dan Tucker is just standing there a look'n. Anyway, the bargains on strong stocks are quietly slipping away and come this time next week the "sleeper" will have awakened.
Thus, the advance of the reporting date was to position Messagemedia's sail to maximize any updrafts in the market that may occur next week. But what kind of mind would scheme this? That of somebody trying to preempt the market -- an analyst of course. Did somebody tip their hand? You be the judge.
I took a quick look at Tork's former company (ie, NASDAQ:TSCC), He knows at least six analysts first hand. Three of these from SG Cowen, DLJ, and Ing Barings. If any of these initiate coverage of MESG, we'll know the cat drug them in.
Of course, a confirmed yahooey would conclude some of those 10K trades they saw go by yesterday were friends of the analyst dipping their bread in the honey before it was put on the table.
I'm Out'a Here! |
