Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.
Monday, August 01, 2005
Earnings Management........
It's no secret that companies not meeting their quarterly earnings estimates or giving negative guidance have had their stock price hammered. Probably lots of boardroom "chiefs" long stock and/or options that will be thinking twice about coming public with bad news when their stock is moving up. If their kids don't need new shoes the house in the Hamptons needs a renovation. Wall Street is quick to dish out penalties for not keeping pace and it is awful easy to manage earnings. Call it intentional distortion or call it a lie. It is being done big time. Right now.
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