Russ ... About Secretiveness
>>>This veil of secretiveness that seems to have enveloped Compaq doesn't help the analysts make a judgement about purchasing the stock, nor give the shareholders a reason to keep the stock.<<<
What secretiveness are you talking about?. They disclosed their plans and projections in a very open manner. The info they provided in the CC and the presentation to the analysts is more than any other company provides, and they posted it on their web site for us little investors to get this info first hand.
compaq.com
If they didn't impress the analysts and MM, as you imply, it is totally a subjective matter. Most of the comments I read about the meeting were positive with the exception of few negative ones. If you think that the $8 drop in the stock price was due to a bad presentation, maybe you would be able to explain why the stock went up about $6 - $7 points last summer after they announced Q2-99 will be one of the worst in their history, and suddenly reversed to set a new yearly low, and again reversed to go to $33. Obviously, short term price movements are very difficult to explain.
In the final analysis, it is up to investors to review the available info and determine for themselves whether to buy, hold, sell, or short. Analysts and MM are correct about 50% of the time, IMO. |
