WRC: Got Transparency?

01/15/09 02:50PM EST
I was sitting here listening to Warnaco's presentation at the ICR conference. I was stunned and amazed by the simple fact that the company did not issue a positive preannouncement, and then started off by saying (I am paraphrasing) "Our books are not closed yet, but December comps came in strong and we're pleased with our performance."

Note to management -- the people that did not have the chance to ambush you in the hallway at this event would have loved to get this little nugget as well and capture the subsequent 18% move in the stock.

Come on guys... how 'bout some accountability and transparency here???
© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.