Stoex

Satyam's Moment of Truth Is at Hand

Satyam plunges over 70%; Chairman Raju resigns! (a lesson to be learned)

More importantly look at the financial firms touting the stock as a "buy" or as a "hold". The books were cooked and AGAIN none of the CFA's, MBA's, Phd's, Compliance Boards, SEC in their roles caught on. Where or where is due diligence? Where is oversight headed?

Here's the lesson:
Why do we the investing public let any brokerage firm move our emotions about "hitting" an earnings estimate, "coming in below expectations", being added to a "buy conviction list" and so on and so on?
SAY recently rumored to be a buyout candidate??? Would due diligence been apparent by the advising firm?

SAY is not alone in their less than ethical behavior. Where was the board? How qualified was the board? Etc.