Apr 24 2008
Earnings Conference Calls – Ugh!
To help out the group, because I’m a team player like that, I’ve been doing earnings previews and listening in on the post release conference calls. The previews aren’t too onerous as it’s just compiling information from a few different sources. Those calls, though, can be torture.
Yes, sometimes there are nuggets of info, and if you are really focused on those stocks it probably makes sense to listen in. For someone like me who looks at fundamentals to get a broad view, but who trades almost exclusively off the technicals, they can get pretty mind numbing. It’s especially rough since I have to sit through the whole thing from beginning to end no matter how many highly specific product questions get asked by Wall Street analysts or how many times management says we won’t go into that now, but will at our analyst meeting in two months.
Thankfully, this isn’t a permanent all the time feature of my job. I have to give the other guys in my group credit for being able to sit in on these calls day in and day out, waiting for that one little nugget that could move the stock. I couldn’t do it.
Here are some other posts which might interest you:
