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?
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.
ReplyDeleteUnless, of course, Wiz has a Buy rating on the stock. Then the stock is most certainly headed down.
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