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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: BGR who wrote (47057)2/14/1999 9:19:00 PM
From: Earlie  Read Replies (2) | Respond to of 132070
 
BGR:

Most companies recognize that when there is some distasteful news to be digested by the market, the best way for this to happen is to encourage analysts to lower their estimates before the numbers are released. That way, when the numbers come, CNBC can truthfully say,..."They beat the estimate". Sounds like a silly idea, but unfortunately, in this uninformed tulip, it works rather well.

Best, Earlie