There can be a lot of value in calling a company, if the company trades on the NASDAQ or the NYSE or some exchange. Reputable companies maintain Investor Relations departments, and they are the people that send out the news. I always ask the IR person how they like working at the company. If they hesitate, or don't seem enthusiastic, I note it. The deal is, most companies have enough information available on the Internet so you really don't need to chat with the IR person much. You ask for the latest 10Q or whatever, and off you go.
If you are talking about a Bulletin Board stock, I personally would not bother calling the company. Bulletin Board stocks don't have to report anything. Seems to me that if they wanted to get some news out, they would report their revenues in an audited statement or something like that. I don't understand why they don't. I don't understand why a legit business would bother to get onto the BB. Getting onto the NASDAQ is not that hard, despite the BS that the BB dillweeds tell you.
If you do call a BB company, and you are told that their PR is handled by an outside firm, my suggestion is to move along fast.
I'll be posting a bunch of stuff on investigating BB stocks later.
And by the way, if anyone is interested in how much money these insiders in BB deals can scrape off the sheep, and how they can do it, take a few minutes and read this:
sec.gov
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