John Jacquemin, head of Mooring Financial, notes that even though Grantham's advice makes sense, he sees the opposite happening for most investors: They sell when everyone else sells and buy when everyone else buys, ensuring losses.
"There were no detailed pro forma financials," noted Craig Moffett, a cable analyst at Sanford C. Bernstein & Company.
On a financial note, Jacksonville regularly has trouble selling out its stadium.
Half left immediately, and he finished the year on a sour financial note.
It said Mr. Miller, also in two separate phone calls, had impersonated a representative of an Icelandic hedge fund that was supposedly selling a financial note.
At the end of the volume are two passages entitled "Blood" and "Body," a list of donations (June 6 , 1869 and miscellaneous financial notes.
It was standard undergraduate fare; one cartoon, captioned "Financial Note: Goat Milk Is Higher Than Ever," showed a female mountain goat with her forefeet and her hind feet on two uneven peaks, which raised her udder above her head.
But there were even more IPOs in the offing (not to mention two recent, China-based, US-listed IPOs this week), including Pivotal Software and Smartsheet (more financial notes here).
While CFO Mason attributes the margin squeeze and a bump in the cost of sales to "the integration of DEC," he's contradicted by the financial notes in Compaq's second-quarter report.
The music financial note will pay a 5% annual dividend based on royalties from song rights and 10% capital growth if the underlying stocks rise in value, according to the company.
