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Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
Sitel Continues To Wiggle
Posted on 08/10/2006 00:00 AM | Link | Post Comment
SITEL Corporation (NYSE:SWW) issues new financial statements and attempts to provide information. But the press release is also full of legalese and obfuscation about how they have to wait on the SEC and the IRS for rulings on this and that. This gives the Board wiggle room but they do want you to drink their Cool-Aid. The press release leads with strong positive statements about recent financials and then slides in comments about how they think it’s all fixed. They do comment that they feel that the board is in the clear. Is the investor OK? The numbers that they have released are still subject to review by management and the Board. Just a little too much wiggle for my taste.
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