Posts filed under “Corporate Management”

Wall Street Definitions, via Jeff Matthews

We have previously mentioned our fondness for the acid tongue of Jeff Matthews (see 2005′s Why We Love Jeff Matthews). 

With Q3 earnings reporting nearly over, Jeff explained analysts’ penchant for the word Upbeat — translating that as well as numerous other Wall Street Weasel words for the reader.


“Upbeat” = can mean anything from “Wildly optimistic” to “Grinning and
bearing it.”

coded words and phrases in the tribal language of Wall Street’s Finest,
with translations provided by NotMakingThisUp, include:

1. “Management was cautiously optimistic” = management has no clue

2.  “Earnings were in-line” = the company barely made the number

3.  “We are tweaking our estimates” = we will be slashing our numbers next time

The much-dreaded mother of all loaded phrases:

4.    “Our thesis is still intact” = sell every share you can, right now

Thanks, Jeff.  Great quarter!


Category: Corporate Management, Earnings, Investing

GS: Our Bonus Pool is Bigger than Bear Stearns’ Market Cap

Category: Corporate Management, Finance, Technical Analysis

Fannie Mae Looks Like Hell

Fannie Mae’s fuzzy math: Fortune magazine reported that the lender changed the way it discloses bad loans, which could be masking rising credit losses. “Investors might want to take a closer look at Fannie Mae’s latest earnings report. Lost in the unsurprising news of the mortgage lender’s heavy losses was a critical change in the…Read More

Category: Corporate Management, Credit, Derivatives, Short Selling, Valuation

Why Thain Over Fink?

Category: Corporate Management, Credit, Derivatives

FASB 157 — Delayed, or Not?

Category: Corporate Management, Earnings, Valuation

Countrywide Led Mortgage Cos in Risk Taking

Category: Corporate Management, Real Estate, Technical Analysis

Financials: Worse than they look?

Category: Corporate Management, Credit, Derivatives, Earnings, Psychology, Real Estate, Valuation

When Does GM Get Kicked Out of the DJIA?

Category: Corporate Management, Economy, Financial Press, Markets, Valuation

S&P500 ex-Risk ?

Category: Corporate Management, Data Analysis, Derivatives, Earnings, Mathematics, Valuation

Five Days of Misery

Category: Corporate Management, Credit, Finance, Markets