•FXCM slipped in Friday's trading as stockholders digested the idea that little equity may be left for them in a buyout.
•After hours, FXCM released a "business update" PR.
•They hid the dirty details in a Form 8-K.
By Parke Shall
Friday afternoon is often the time when companies get the bad news out of the way. In hopes that the Wall Streeters here in Manhattan have already moved outside their offices to local bars and restaurants, Friday after-hours is a notorious time for companies to let bad news slip out.
In the case of FXCM (NYSE:FXCM) today, that news was tucked away into an 8-K while people still lucky enough to be at their offices were treated to a cheery sounding PR.