It seems as if Enron is a distant memory. The markets have already discounted the crisis in the first and the demise of New Century Financial (see previous post-collapse) years, with warning signs. Titles are now focused on Iran, and the least, abysmal Anna Nicole and if Sanjaya wins American Idol. Although the Sarbanes-Oxley was intended to prevent another Enron case, all that really did make the U.S. stock exchanges less desirable to the list. Please note the reappearance of LondonExchange and weakening of the U.S. charts. Sarbo-Ox not really not possible to address the root cause of Enron: unbridled greed and lies. The fact that the CFO and CEO and the need to confirm the financial reports, does not mean that the same behavior that led to the collapse of Enron. Therefore, vigilance and skepticism is needed, especially by private investors. And if you are the rights of use, can be very profitable.
Markets are efficient, but not enougheven for the masses, who generally have no access to the negotiations on the program and providing early warning of impending disaster. What can the small investor, however, be skeptical. To question the projections abnormal, unpredictable behavior and often turned off by the officers of the company can save money or make money if you want to fill your portfolio with shares of an accident, just itching. Instead of 100% of shares in a portfolio, a broad diversification is important. This means that a lot of things thata lot of people. For me, it means that some of certain assets, internationally, some small-cap, large-cap, property, etc., it also means a part of my portfolio, if Zack Zigs higher. A good method is set on the main index buy (and counter-productive in some rudimentary way) to get some funding, strategies (more success, but not always a perfect negative correlation, hedge funds see previous posts on using coverage for the masses) or finally byshort (only for experienced investors) or the stock too expensive easily happen (to be offered the opportunity for companies listed on turnover).
What are some warning signs that go to work? In retrospect, many of these incidents look at the whole face and only a few analysts and fund managers are vigilant tears. In some cases they were too far ahead of the pack and was increased to cover their positions, as stocks. Tothose that can better withstand or planned, have made a killing. Is it a coincidence that Dennis Kozlowski bought thousands of dollars shower curtains, and threw big parties for the birthday of his wife with corporate funds, while the population was continuing to push down? E 'sound strange to say that Enron executives who were employees who hold their shares in the company and the curse (actually recorded conference call) analysts, who doubt the feasibility of their incomefictitious subsidiaries?
What do we care? Cramer, like say, if you feel "accounting irregularities", RUN. Until then, it's too late for the individual investor. It is here that an independent research and a healthy skepticism of investors in the game. These two sites are excellent sources of skepticism independent.
Stock Lemon Citron Research recently named (I think they are all adults): This site is a must for all small-cap you think. I'm very satisfiedQuality and depth of research completely out of fraud and dummy companies. This report systematically on the back-office "pump and dump schemes, to family members who happen to be the analysts' positive reports of stocks, and telephone numbers for companies that only the number of unused cells. Also if you are thinking of investing in smaller companies, not tested for the speculative part of your portfolio, check it out here. If you're lucky not to find an actionthat all the paintings and displays the options for the sale, can confirm your thoughts.
http://www.citronresearch.com/index.php
Another great resource is Footnoted.org. This site is running on 10-K, annual reports and other documents with the SEC for the things you see … weird. For example, said it was easier with the CEO of 6-ITWO annual expenditure from last year will be transported at the corporate level by nearly one million dollars. The site is full of informationmust be reported, but appears in small type, and requires an experienced researcher to highlight it.
http://footnoted.org/
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