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Chapter 11. Snakes and Ladders: Spinning... > Red Flag 2: If an Analyst Hypes a St...

Red Flag 2: If an Analyst Hypes a Stock or Uses Superlatives to Describe Management

We have already seen the hyping of Enron by Goldman’s David Fleischer. In the same vein was the language often used by Salomon’s Grubman when he promoted WorldCom and its prospects, including aggressive calls on investors to buy lots of the stock. A study by attorney Stuart Goldberg (see www.publicinvestorsattorney.com), who is representing some WorldCom employees in legal action against Salomon, includes some of the most striking comments from Grubman in the 20 research reports he issued on WorldCom between 1998–2000. Here are a few.


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