Miken

Sick and Tired of Financials, Carmakers Blaming Everyone but Themselves

I think the problem is analysts who couldn't hit the water if they fell out of a boat. A management consultant is someone who couldn't make it as an analyst.

Take a company like GM. WHen GM stopped giving guidance, the analysts didn't have a clue. I don't think most of them can read a financial statement, but yet that doesn't stop them from pontificating.