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Climbing The Financial Wall of Worry

NIRI holds Global Investor Relations Program in Miami Nov 16-18 #NIRI #ir #miami

Downtown Miami skyline as seen from Miami Beac...

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National Investors Relation Institute is holding a Global Investor Relations Program in Miami Nov 16-18. The program is targeting non US companies and assisting them navigate US investment markets. NIRI president  Jeff Morgan sees the program becoming a must do for non US-based IR practitioners.

Miami is usually sunny and warm. Miami is the business gateway to Latin America. Hopefully the outreach programs will also go to Asia and China so we can get investor relations onto one global page. Hong Kong or Shanghai?

George Gutowski writes from a caveat emptor perspective.

November 15, 2011 Posted by | Caveat Emptor Perspective, Disclosure, Earnings Forecasts & Guidance, Investments, Investor Relations, NIRI, Reg FD, Stocks, Wall of Worry | , , | Comments Off

#NIRI cautions on safe harbour wording. How investor relations can get into big trouble.

Lincoln on U.S. one cent

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National Investor Relations Institute has cautioned its membership about the use of safe harbour wording. The wording is mundane and often ignored by both investors and publicly traded companies. Some sarcastically compare the wording to the stuff on cigarette packages that warns about cancer. 

Not

NIRI refers their readers to the Coinstar case. Cooley LLP in a practice brief warns IR practitioners about the issues and concludes with this sage piece of advice:

“…. In addition, companies must be alert to the need to change disclosure language when the nature of the risks changes.

Finally, when making forward-looking statements, it is best to avoid “puffing” optimism, vague statements or hyperbole. Rather, companies should focus on hard data and pay strict adherence to the requirements of the safe harbor for maximum protection.”

Investors need to be aware of what investor relations needs to do. Investing is a risk business. However even the best IR practitioner can slip up. So read all corporate communications from a caveat emptor perspective”

November 9, 2011 Posted by | Class Action, Disclosure, Due Diligence, Earnings Forecasts & Guidance, Investments, Investor Education, Investor Relations, NIRI, Reg FD, Shareholder Litigation, Stocks, Value Investing | , , , , | 3 Comments

   

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