Publicly traded United States companies report sales and profits to investors every quarter. Alex Berenson Read Quote
Trust-me companies are companies whose financial results gallop ahead of their businesses, companies with seemingly perfect control over their quarterly sales and profits. Companies whose financial statements are loaded with footnotes: companies that short-sellers often attack but rarely dent. Alex Berenson Read Quote
Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements. Alex Berenson Read Quote
For investors who do want to speculate in high-yield bonds, one alternative may be a junk bond mutual fund, which can offer investors the relative safety of diversification. Alex Berenson Read Quote
Most unfortunately, Enron’s plunge into bankruptcy court also cost many of its rank-and-file employees their savings. Alex Berenson Read Quote
Determining how many asbestos suits have been filed or how much companies have spent to resolve them is difficult. Cases are filed in state and federal courts, and many companies do not disclose their spending on settlements. Alex Berenson Read Quote
Electronic communications networks match trades between investors directly, without using a market maker or specialist as an intermediary. Alex Berenson Read Quote
To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth. Alex Berenson Read Quote
It is a truth universally acknowledged on Wall Street that original research is on life support. Serious research can be bad for business, as well as expensive. Alex Berenson Read Quote
