Park & Halpern

[BullNBear52]

The main problem is there are few people who know how to read FS. One of the pluses that Pitt accomplished was having a link on the SEC website to all filings. One only needs to look at the BS (no pun intended) to see what's up with a company. Look at the companies that are moving to the BBX. Trying to save themselves from the shorters, when their is nothing of intrinsic value to save. PT Barnum was right and people refuse to listen after all these years. Shorting is legal and their's a sucker born every minute. Let the buyer beware.

And it goes both ways for companies that are "overvalued". WCOM was a classic example. Through their M&As they just kept piling on the Goodwill. Along came FASB and stuck it to them.

Any one investing in the market today as a retail customer should take a course that teaches "Understanding Financial Statements". Most community colleges offer these and it would protect investors from BS on BBs.