To: craig crawford who wrote (12713 ) 12/28/1997 6:27:00 PM From: Wigglesworth Respond to of 45548
<<worthless publication like Barrons>> Same comment was made by the Cabot Market Letter. :-) I enjoy reading Barron's. Even when I don't like or disagree with what they say. If the constant strident and raucous clamor one sees on this thread abates just a little, if less is more, if ... Any case, a short excerpt from the most recent column by Alan Abelson, Barron's Editor(-in-Chief?), to show what kind of writing is worthless: Editing is hard and lonely work. Stripped down to its bare essentials, it is nothing less than manual labor of the most arduous kind. With rare exception, it consists of striving to render a slag heap into some recognizable, coherent, even pleasing shape. It is because we know first-hand the awful exactions and rigors of editing, we deeply sympathize with Robert Howard. Mr. Howard is founder and chairman of Presstek, which makes printing equipment. Mr. Howard, it emerges, is also an amateur editor and, alas, his inexperience in this treacherous discipline has proved the source of embarrassment and financial loss. Specifically, Mr. Howard's editing of investment reports touting his company's stock has been critiqued by the SEC and found seriously wanting. Although generously staffed with English majors, the agency typically refrains from literary criticism. But it obviously viewed Mr. Howard's editorial efforts as too great an esthetic affront to simply let pass. It accordingly charged Mr. Howard with bad editing. While the true cost of such a grave offense cannot, of course, be measured in materialistic coin, the SEC pressed a fine of $2.7 million on the perpetrator. Mr. Howard was also required to make the ritual promise that he would never do again what he insisted he had never done. ... [the Cabot Market Letter] has been a relentess tout of Presstek's stock for some three years. It has labeled Presstek "The Stock of the Decade." And perhaps it is, but probably not this decade.