I have a serious question for Wiz here.
We all hate the "gooch" - for example, you have 20 at the BJ table and someone leans over and says "Congrats on the win"! Of course, the dealer winds up getting a 21 to deflate you - and you are legally allowed to punch the person who congratulated you in the nuts.
Now - does this extend to Wall Street? From P&G's quarterly report analysis:
The results contrasted an upbeat report from German rival Henkel (XETRA:HNKG-P.DE - News), which said its business would not get any worse this quarter after a decline in raw material prices and cost-cutting helped it beat estimates.
I mean, really? Wiz - is this CEO of Henkel stupid or smart? Should you publicly come out and say it "can't get any worse"? What does Wall Street think of this?
2 comments:
No, the Street loves those type of comments. I bet the stock went up after he said that. Any use of the word "stabilize" and a stock is going to move higher.
Unless, of course, Wiz has a Buy rating on the stock. Then the stock is most certainly headed down.
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