#FridayNightDump , The Best Time to Hide

When Markets close on Friday nearly every market participant from brokers, analysts, investors, money managers and even the media flee their terminals and turn their attention to their personal lives until they boot up again on Monday morning. Monday is when everyone logs back on gets plugged back into the market pulse and are bombarded with the latest news of the morning.

Experienced management from public companies that are very crafty and slick who wish to hide SEC disclosure file any unfavorable news on Friday Nights when everyone is away knowing that when the new week starts, last week's news is buried. Michelle Leder of @Footnoted coined Friday Night Filings as the #FridayNightDump



Journal of Accounting and Economics published research by professors from Cornell University and Simon Fraser University unveiling statistics of Friday Night Filers.

"Abstract

Using combinations of weekdays and times of day (before, during, and after trading hours) of earnings announcements, we examine whether managers attempt to strategically time these announcements. We document that the worst earnings news is announced on Friday evening and find robust evidence that only Friday evening announcements represent managers’ rational opportunistic behavior. Friday evening announcements are followed by insider trading in the direction of earnings news and the largest post-earnings announcement drift. Managers also attempt to reduce interaction with investors and hide more than just earnings news by announcing on Friday evening. We find that Friday evening announcements occur later in the evening than announcements on other evenings, firms have a reduced propensity to hold conference calls, and major firm restructuring events are relatively more likely to occur after Friday evening announcements."

Michelle Leder of *Footnoted is one of the best follows on all

of Twitter. Every Friday night she posts about public 

companies who sneak in SEC filings before the 

weekend,.... sometimes to simply avoid being noticed. 

July 10,2015 report: 

When is the Best Time to Hide Earnings News?

Tweets by @footnoted

Bloomberg TV looks at Equity Crowdfunding

This morning on Bloomberg Television Market Surveillance, Tom Keene interviewed Indiegogo co-founder Slava Rubin to discuss how Equity Crowdfunding will be the New Economy. Rubin suggests that Crowdfunding will be disruptive to Venture Capital because "the gatekeeper will no longer control who gets money."





Equities Research Archives Discussing Crowdfunding

• GFNN Founder Michael Markowski Interview (Crowdfunding)

• NEXT EXCITEMENT: CROWDFUNDING

• CrowdSourcing (Merrill Lynch Research)

• New Bill is a Game Changer

 

 

Yahoo Reaches 200 Million Active Mobile Users

A collection of Notes on Yahoo (NASDAQ: YHOO) from :
The NY TIMES,  BARRON's,  Bloomberg,  SEC.GOV,  Thomson Reuters, Forbes, &
Global Financial News Network (GFNN)

In Barron's this morning ("A Shopping List for Call Buyers"), Steven M. Sears lists long term buying opportunities.  In the article Sears includes:   "A hot stock and call buying list compiled by Jim Strugger, MKM Partners' derivatives strategist." where names such as Hershey, McDonalds, Conoco Phillips, Microsoft and Yahoo among others are mentioned.

New York Times reported today that famed chief economist David A. Rosenberg is bullish on Yahoo!

• "He recommends playing the equity markets cautiously by seeking high-dividend-paying stocks of well-managed companies. At the moment, he says, those include Blackstone, the asset manager; Merck, the drug maker; and Yahoo, the Internet portal, among United States stocks."

Yahoo! reported year end financials for the FY2012 on Monday after the close.
Yahoo! Japan also reported this week as well.

BlackRock LLC. filed a 13 G reporting a 5.94% stake in Yahoo this week (70million shares)

On November 12,2012 Bloomberg reported famed Hedge Fund Manager David Einhorn purchased
 5 million shares of Yahoo 

Thomson Reuters reported after the close last night that Third Point LLC sold 11 milion shares on Thursday and Friday reducing it's position from 73 million to 62 million shares.

Forbes published a great article describing  the vision of  CEO Marissa Mayer


Shares of Yahoo closed the week @ $19.76.
Equities Research Stock Pick : YHOO @ $17.39 on November 7,2012 
Equities Research Archives YHOO 
Global Financial News Network (GFNN) archive

Below are 3 great video clips with Pimm Fox of Bloomberg TV  that aired last night interviewing Yahoo's Robby Stein and Bart Stein.