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Strategies & Market Trends : Value Investing
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To: Paul Lee who wrote (54488)11/18/2014 12:34:41 AM
From: Jurgis Bekepuris1 Recommendation

Recommended By
geoffrey Wren

   of 78628
 
Waste of an article. "It's not a bad thing", "who cares", blah blah. The author seems to imply that the company could report material misstatements every day of the week and he'd be happy about this. He even has gall to advocate hiding the material information because "transparency is good but sometimes too much is not". /facepalm.

BTW, people jump on RYN and HTZ bandwagon with an "stock price drop was disproportionate compared to restatement" argument. However stock price drops not in proportion with restatement, but in proportion with trust. If management did not handle this right, how can you trust them to handle other things right?

Sure, Amex salad oil scandal is the other side of this coin, but there the fraud was external. In cases of RYN and HTZ the wounds are self-inflicted.

I sold my RYAM position and have no plans to buy any of the securities mentioned. Of course, these stocks can run up as investors' confidence improves. I won't gamble on that though.
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