Word: ruling
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Dates: during 2000-2000
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Confused? So was the Securities and Exchange Commission, which last Thursday set forth a rule designed to take the premium out of analysts' direct access to management. From now on, the SEC decreed, companies may not disclose material information to Wall Street--that means the analysts at mutual funds, institutions, and brokerages--without releasing the same information at the same time to the public via a press release, webcast or other means...
...this is motherhood. You can't possibly be against it--a level playing field for you and the big shots. If the rule has the desired effect, you'll be invited to listen in on key conference calls and get e-mail when a company you've flagged files with regulators or issues a press release. As a side benefit, the rule promises to marginalize analysts living large solely on the access their position affords them. They may actually have to do some independent analysis...
...remains intact. In some cases the code will get even more indecipherable. And while the field levels, there may be less information overall as companies freak out over what they can say. Some 42% of companies polled say they will reduce communications to avoid running afoul of the new rule, reports the National Investor Relations Institute...
Still, most companies want to do the right thing. In the past, talking to analysts was the easiest and cheapest way to get the word out. Now they have the Internet. That means you too have to get on the Net to take advantage of the new rule, which takes effect in about 60 days. Make sure you have audio capability so you can plug in to conference calls. You won't get to ask questions, but you will hear what the analysts ask and how executives respond. Most online stock market sites give you fast access to company news...
...children who are not siblings sleep in the same room. They can't handle the novelty. If you break this rule, you will be awakened by joyful hoots...