The Day Ahead: Ripping 'High-Level' Info From the Market
Earnings-season conference calls remain fresh on the brain. Through the investing years, in addition to jotting down clues on future company performance offered in a live webcast, I've copied down my fair share of borderline-useless corporate jargon -- and if you are as meticulous and intense as I am, you've done it too. I have an endless supply of ridiculous-sounding words and terms in the old noggin, spewed by MBA grads now responsible for running large, publicly traded ships. Unfortunately for this fella, such jargon --which is worthy of its own finance urban dictionary -- has crept in to a date or two. It's sad, but oh so true.
Perhaps the most commonly mouthed term is "high-level information." I always know when a bigwig is preparing to drop this classic line. Their voice lowers an octave and it seems as if they sharing super-special, nonmaterial public information at the bar. Obviously, none of the information is high-level and special, seeing as a good amount of it can be stripped from the 10-K form that had been filed with the SEC earlier in the year....554 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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