tag:blogger.com,1999:blog-3651010135173678358.comments2023-10-28T03:38:48.289-05:00Investor Relations MusingsJohn Palizzahttp://www.blogger.com/profile/10899935474780095424noreply@blogger.comBlogger116125tag:blogger.com,1999:blog-3651010135173678358.post-23002588050188134162013-12-01T11:00:00.963-06:002013-12-01T11:00:00.963-06:00great site! I really love to visit this site. than...great site! I really love to visit this site. thanks to shear this.......…….<br /><br /><br /><a href="%E2%80%9Dwww.thewatchshop.pk/%E2%80%9D" rel="nofollow">mobile price in Pakistan </a>Anonymoushttps://www.blogger.com/profile/10997286493172224936noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-38009111742286037872013-11-25T09:15:43.801-06:002013-11-25T09:15:43.801-06:00Great post! Can you provide an example of a compan...Great post! Can you provide an example of a company that successfully used storytelling to enhance its investor relations endeavors?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-39106011430254409202013-06-26T13:34:08.050-05:002013-06-26T13:34:08.050-05:00John:
I appreciate your thoughts on adjusted earn...John:<br /><br />I appreciate your thoughts on adjusted earnings. I have always believed that the concept was questionable and mainly served to drive stock prices higher and dilute valuation metrics.<br /><br />However, because I follow Walgreens closely, I can tell you that all of its major direct competitors -- CVS Caremark, Express Scripts and Rite Aid -- have been using adjusted measures of earnings and/or EBITDA for some time.<br /><br />I was dismayed when Walgreens adopted the practice, but it wasn't hard for them to convince me that their equity valuation could be penalized because of the comparison with their "adjusted" peers. LIFO, of course, has become a big number at Walgreens, as has acquisition amortization.<br /><br />Apparently, few if any of the analysts following Walgreen and the other had a problem with the adoption of adjusted earnings, as it facilitates comparisons with relevant companies.Anonymoushttps://www.blogger.com/profile/02835214063986186412noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-34265902945637758892012-09-29T18:02:05.688-05:002012-09-29T18:02:05.688-05:00IRO's need several other skills:
DISCRETION. ...IRO's need several other skills:<br /><br />DISCRETION. IRO's have access to lots of sensitive information and needs to have a good sense of when/how to use or not use this information. Other tags applicable to this trait are JUDGMENT and COMMON SENSE<br /><br />RELATIONSHIP MANAGEMENT: IRO's need to build relationships inside and outside the company, and they often need to leverage these relationships in the furtherance of Corporate & IR objectives.<br /><br />GUTS: IRO's are paid to counsel management and often have to channel unwelcome feedback and/or make unpopular recommendations.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-33939108687123258772012-08-17T23:37:47.525-05:002012-08-17T23:37:47.525-05:00my IR experience (and I've been out of IR for ...my IR experience (and I've been out of IR for 5 years) is that investors wake up in the morning to create and fine tune their models. Half of all questions on conference calls were attempts to fill in model blanks. So companies that provide info that make it easier for analysts to do their jobs may benefit from increased coverage, increased liquidity, and the valuation premium that often accompanies.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-14560792864729399302012-08-03T14:42:26.062-05:002012-08-03T14:42:26.062-05:00Interesting article! especially the part about how...Interesting article! especially the part about how insurance company should not give out guidance, it is a volatile industry especially given the current instability in the macro environment.Newbie coordinatorhttps://www.blogger.com/profile/03189070359465724123noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-43494685480908203582012-05-30T15:29:32.046-05:002012-05-30T15:29:32.046-05:00Fully agree that not all companies should issue gu...Fully agree that not all companies should issue guidance. Dilemma is that for those companies with analyst coverage, the Street will publish estimates anyway. So the company is held hostage to Street expectations even if there is no official guidance. Might be better for all if analysts simply didn't publish estimates . . . and if companies reported on an annual basis, instead of quarterly.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-60469669286017599372012-05-22T16:25:40.581-05:002012-05-22T16:25:40.581-05:00I think the bigger issue is the question of earnin...I think the bigger issue is the question of earnings warnings; a custom, the Bard would say, more honored in the breach. Especially when a company blows through "guidance" and reports a material upside. Where is the liability? Where is the "duty to update" that NIRI used to flaunt? What is the point of issuing guidance if there is no accountability?Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-71540078679701137682012-05-17T12:16:16.645-05:002012-05-17T12:16:16.645-05:00Great post, John. Incredible lack of judgment and...Great post, John. Incredible lack of judgment and professionalism on the part of this former CFO. Suggest public companies leave social media to their marketing folks - and keep those people far away from the board room. Either that, or take the opposite approach and allow/encourage all company managers to conduct a full frontal attack on corporate incompetence, and let the Board of Directors and SEC be damned.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-43565331385750252552012-04-02T11:43:57.978-05:002012-04-02T11:43:57.978-05:00What do you think will happen to that mindset when...What do you think will happen to that mindset when more regulations are required i.e. Dodd Frank and with the advent of social media? Corporations are always scared of illegally leaking information and social media would compound that problem by a factor of 100. <br /><br />Do you think that people will become even more "trapped" in this mindset? Anything you say or do can be transmitted around the world instantly so I think people are much more cautious about that.Michael Panghttps://www.blogger.com/profile/17442225146995668236noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-37983257945683233912012-03-29T11:55:45.456-05:002012-03-29T11:55:45.456-05:00There are many prevailing wisdoms in Investor Rela...There are many prevailing wisdoms in Investor Relations. One of them is that "investors have choices." So unless there is a compelling reason (one that transcends the quality of disclosure) to own shares of a given company, then investors will gravitate towards companies that are easier to understand and model.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-31050646865916705192012-03-14T13:36:22.555-05:002012-03-14T13:36:22.555-05:00This comment has been removed by a blog administrator.how to attract menhttps://www.blogger.com/profile/11556654154621107460noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-39095659047903695022012-03-13T16:24:07.585-05:002012-03-13T16:24:07.585-05:00I'm beginning to wonder how much value is deri...I'm beginning to wonder how much value is derived from quarterly conference calls, which are typically viewed by management teams as a form of corporate root-canal, and by investors / analysts as an exercise in answer-avoidance and model tweaking.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-57333714100788015472012-03-01T16:51:09.378-06:002012-03-01T16:51:09.378-06:00John, that's why large companies often keep IR...John, that's why large companies often keep IR and PR as separate functions, sometimes with competing agendas. "Where's the Accountability" is the question no one wants to address.Jeffluthhttps://www.blogger.com/profile/18090450959685936222noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-52082058364638995632012-02-21T04:26:04.264-06:002012-02-21T04:26:04.264-06:00Companies that are using XBRL and see its potentia...Companies that are using XBRL and see its potential are eager for the platform to emerge past its growing pains. They are calculating the cost of submitting their financial data in two completely separate formats to accommodate dual reporting regimes. Some are frustrated by naysayers, like the Financial Executives International’s Committee on Corporate Reporting, who are telling the SEC to curtail or halt <a href="http://www.taxprintindia.com/" rel="nofollow">XBRL</a> adoption. CCR sent an unsolicited comment letter to the SEC asking that companies be allowed additional time to complete the filing, and that they be permitted to do less detailed tagging.Juhihttps://www.blogger.com/profile/08084624814570041938noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-38590443209078868872011-11-30T06:42:00.218-06:002011-11-30T06:42:00.218-06:00Thanks for providing such useful tips through this...Thanks for providing such useful tips through this excellent post. It's a great job. Keep it up...<br /><br /><br /><br /><br /><a href="http://www.stockprofessors.com/" rel="nofollow"> hot penny stocks </a>stockhttps://www.blogger.com/profile/16407019442320498385noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-15433527774389682432011-11-29T23:22:13.343-06:002011-11-29T23:22:13.343-06:00Its nice to get some point from your post about th...Its nice to get some point from your post about the preparation of the presentation for the clients. Thanks for the nice post.<br /><b><a href="http://www.indianangelnetwork.com/" rel="nofollow">Business Angels</a></b>Indian Angel Networkhttps://www.blogger.com/profile/10302896659537852795noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-25263867126514725622011-11-14T05:10:14.418-06:002011-11-14T05:10:14.418-06:00Thanks for this good & informative post. It...Thanks for this good & informative post. It's really excellent blog....<br /><br /><br /><br />http://www.stockprofessors.com/stockhttps://www.blogger.com/profile/16407019442320498385noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-87268638307329390232011-11-11T04:28:37.604-06:002011-11-11T04:28:37.604-06:00Thanks for this excellent creation...
ENTB
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http:/...I admire your style of writing. Thanks..<br /><br /><br /><br />http://www.chasingbeta.com/chasinghttps://www.blogger.com/profile/05053606326805986094noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-78951861331350656122011-08-08T00:49:40.194-05:002011-08-08T00:49:40.194-05:00Hi John,
Just found you blog today while googling...Hi John, <br />Just found you blog today while googling IR career tips. I'm about to enter the the field as an assistant with a background in PR. College taught me nothing about IR. Do you have any books that you'd recommend? <br />Thanks in advance.Thanhhttps://www.blogger.com/profile/01841736552832766098noreply@blogger.comtag:blogger.com,1999:blog-3651010135173678358.post-75746869369751683842011-07-12T01:32:06.569-05:002011-07-12T01:32:06.569-05:00You are well come.
http://chasingbeta.com/You are well come.<br /><br /><br /><br />http://chasingbeta.com/chasinghttps://www.blogger.com/profile/05053606326805986094noreply@blogger.com