It's really hard to find a CEO more self-deluding than Frank LaStella. Once again, the StockDetective comes to the rescue of naive investors, exposing LaStella's willful distortion of the true nature of the Kiplinger presentation.
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B.A.T. International (OTCBB: BAAT) is back in the news, not totally on its own this time, although its self-generated publicity might backfire. B.A.T., the subject of Stock Detective's February 9th Stinky Stock, issued a press release March 27th with the headline: Kiplinger's to Highlight BAT International's Super Car". Well, not exactly, the minute-forty-second spot on the respected personal finance publication's syndicated television show is more of a red flag about penny stocks.
Using BAT as an example, Kiplinger reporter Robert Frick outlined the perils of penny stocks.
"The Internet is great way to hype a stock like this, and then it feeds on itself and becomes feeding frenzy, it's up a buck, then more people go in, and it becomes, you know, an exuberance, it becomes an investment bubble," Frick said on the tape. "Why would you want to invest in a company in which you cannot see the financial statements, you know, that's crazy, that's absolutely crazy."
Producers at the studio where Kiplinger's is produced were surprised that BAT issued a press release without seeing the spot, which is titled "Why Pennies Lose Dollars." |
