Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (4959)	12/5/1998 10:48:00 AM
From: Dante Sinferno	Respond to of 18998

The report I saw indicated that these grumblings about Sylvan's earnings have been going on for awhile now. Sort of old news...the price action seemed to agree. Rob

To: Anaxagoras who wrote (4959)	12/5/1998 11:51:00 AM
From: Kip518	Read Replies (1) \| Respond to of 18998

SLVN From Barron's It's rare to see a highly critical research report emerge from a major Wall Street firm. So eyebrows were raised when David Nadel, the Bear Stearns analyst who covers Sylvan Learning Centers, issued a scathing report on the company Friday morning, expressing concern over Sylvan's accounting practices and the profitability of a recent British contract won by the company. Sylvan is a leading provider of educational services. After the report resulted in a sharp drop in Sylvan's stock price and generated criticism from the company, Bear Stearns backtracked, pulling the report from First Call, a distributor of Wall Street research. Bear Stearns then said it might correct or change the report. Bear Stearns relishes its pugnacious image, but unless there are factual errors in the report, they may not come out looking good in this instance. interactive.wsj.com I find the last sentence to be rather ambiguous. Who is the "they" -- SLVN or Bear Stearns? If BS, does the not "looking good" come from pulling the report or writing the report?