Merrill Lynch announced that it was going to move its earnings conference call from a pre-market 8 am time slot to after the market closes. Of course, in the current climate this prompted all sorts of concerned or gleeful whispers (depending on whether you were long or short Merrill). The last Wall Street firm to opt for a post-market call was…wait for it…Bear Stearns.
So what’s the real story? Is this a sinister development portending dire earnings news or does Merrill just hate its analysts and wants them to burn the midnight oil? After jump, BreakingViews.com‘s gets to the bottom of Merrill’s time slot switcheroo.
“depending on whether you were long or short Merrill”
Thanks Carney!! I was totally confused and befuddled there there for a sec, but you definitely spelled out it all out there.
Hey, we have some readers who are more, uhm, “innocent” than others so we want to make it easy for them. Let’s not exclude the dumb just because they work for…well, you can fill in the blank.
Good job for linking to the wrong site DB.
wow, insulting readers intelligence and then liking to a pron site?? all before 1pm, well done carney.
another similarity between MER and BER!! They both blocked DB access…