GPRO lawsuits, I don't get it.

[werepossum]

Well that is most people. My videos are always tastefully done. If you are into naked 50 year old sedentary software engineers, you are in for a real treat with my videos.....

lol!
Sounds familiar.
"Who the fuck is that fat, ugly naked guy in the - hey, when did we get that mirror?"

 

[stockwiz]

they start to "investigate" any time any stock drops in half because they are opportunistic lawyers who get a ridiculously large percentage of the settlements. Many of the companies probably deserve it though. Drive the stock price high and bail is a lot more profitable for the executives than trying to actually run a successful company honestly. A lot of pink sheet/OTC garbage and china stocks operate this way... basically ponzi schemes.

With that said it never made sense to invest in a company that's a one trick pony especially in such a fickle, trendy marketplace where things come in style and go out just as fast. In order to be successful a company must have a broader product line and not focus on simply cameras.... or simply purses, or one brand of clothing, etc...

 

[Ackmed]

Pulaski where? Pulaski county Arkansas? There are lots of Pulaskis.

Pulaski, TN. Birthplace of the KKK.

Holy crap! You married way, way up, dude - your wife is drop-dead gorgeous. Congrats.

Thanks, I think so too. She is still very beautiful to me despite getting up there in age.

 

[Spungo]

Yeah if you withhold weak sales data and don't include it in your guidance, only to adjust that guidance down later citing weaker than expeded sales, you're going to get sued.

Since when is that a crime? The government does this all the time with GDP data. The US was in recession for all of 2007, but the government didn't say anything until it revised the data a year later. Sorry we didn't tell you the economy was shit until the bond market crashed and you lost all of your money; better luck next time, suckers!

Companies lie about forward guidance all the time. Central banks do it as well. It's hilarious to see charts released by the fed or the ECB where they project 2% growth, then it becomes 1.5% growth, then it becomes 1% growth, then it becomes 0.5% growth. Just make shit up and revise it later. I would say it's The American Way, but Europeans love doing it as well.

 

[werepossum]

Pulaski, TN. Birthplace of the KKK.

Thanks, I think so too. She is still very beautiful to me despite getting up there in age.

If those pics are anywhere near current, then she's still very beautiful to everybody. lol

 

[Ackmed]

If those pics are anywhere near current, then she's still very beautiful to everybody. lol

Thanks, I think shes beautiful inside and out. With a bad ass body too. Most are from last year, she's 34 now. I'm older at 41. There is a saying about black people and aging, even though it's a compliment it'd still get me in trouble saying it here.

edit, and sold the GoPro for $331 on ebay. They haven't paid yet though

 

[who?]

Since when is that a crime? The government does this all the time with GDP data. The US was in recession for all of 2007, but the government didn't say anything until it revised the data a year later. Sorry we didn't tell you the economy was shit until the bond market crashed and you lost all of your money; better luck next time, suckers!

Companies lie about forward guidance all the time. Central banks do it as well. It's hilarious to see charts released by the fed or the ECB where they project 2% growth, then it becomes 1.5% growth, then it becomes 1% growth, then it becomes 0.5% growth. Just make shit up and revise it later. I would say it's The American Way, but Europeans love doing it as well.

Are the central banks trying to sell you stock at inflated prices?
Forward guidance is guessing so how can it be a lie ?

 

[Spungo]

Are the central banks trying to sell you stock at inflated prices?

Astonishingly, yes they are.

(The Economist) central banks start testing negative interest rates

The theory is that having stable and fully capitalized banks is bad. If the bank has lots of cash on deposit, called a liquidity ratio, that means it's easy to service the withdrawal requests they have. Since commercial bank stability is bad, central banks set the deposit rate negative to discourage deposits and encourage withdrawal. The goal is to get millions of people to withdraw all of their cash at the same time, known as a bank run, and pile all of it into the stock market.
So yes - central banks are trying to sell you overpriced stocks.

I know what your next question is. "They don't want people to buy stocks. They just want bank runs and have people sit on cash!"
Nope. Bankers around the world are calling for outright bans on cash. If you can't store your wealth in the bank, you can't store it as cash under a mattress, and precious metals are mostly a relic of the past, the only things left are the stock market, the bond market, and the real estate market. It's not a mystery why the dividend yield on SPY is less than 3%. It's not because the economy is shit; the economy has been fairly flat for the past half decade. The dividend yield is absurdly low because the stock prices are absurdly high.

The theory of herding sheep into the stock market before welding the doors shut and setting the building on fire is known as the wealth effect. Bernanke and Yellen have mentioned it many times. It's not a mystery or a conspiracy theory. It's official central bank policy - force people into overpriced stocks because there's no other place to store wealth.