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TLStockPicks (90.11)

October 2009

Recs

4

PRAA delivers best valuation news one can hope for. Gets destroyed.

October 30, 2009 – Comments (3) | RELATED TICKERS: PRAA

When was the last time you heard an earnings release from a finance/investment firm end with, "We are budgeting internally for substantial revenue and earnings growth next year"?  That is the equivalent of saying "throw your stupid models in the trash, analysts.  We'll be blowing it out the water!"  And how often does management follow up by boasting on the earnings call that the word "substantial" should be understood as being "bigger than significant"?  [more]

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