Archive

Friday, May 13, 2022

How Some Companies Cheat... All So They Don't Miss Estimates

By Herb Greenberg

Here's something that somehow fell through the holes of grabbing headlines, but shows just how desperate some companies are to 'make' their numbers... It all has to do with something at quarter-end that was called "the art of the close" at Rollins (ROL), which owns the Orkin exterminating company. And it's everything you hear about […]

Tuesday, May 10, 2022

How the Stock of an Iconic Brand Unwound

By Herb Greenberg

The tale of this stock is also a tale of this market, filled with irony and luck... I call it the "Tale of the TUP"... I'm talking about Tupperware Brands (TUP), the company whose iconic brand has become the Kleenex of plastic storage containers. Last week, Tupperware reported extremely disappointing first-quarter results – so bad […]

Friday, May 6, 2022

How So Many Investors Confused Brains With a Bull Market... Also, a Note on Housing Prices

By Herb Greenberg

One hallmark of the past (fill in the blank) years is that some investors only know a world in which stocks go straight up... And that every dip is a buying opportunity in every stock. It goes for private companies, too – perhaps especially private companies, with so many born-in-a-bull-market entrepreneurs confusing brains with a […]

Tuesday, May 3, 2022

The 'Gambling Parlor' of the Markets... And Buffett, Bitcoin, and the Mailbag

By Herb Greenberg

Warren Buffett stated the obvious at Berkshire Hathaway's (BRK-B) annual meeting over the weekend when he said the markets have become a 'gambling parlor'... The reality is, they've always been. After all, the saying "play the market" has been around forever... It's Wall Street's version of "playing the ponies." The difference this time was the […]

Friday, April 29, 2022

Update: Seeing Through the Heated-Up Hype in Flying Taxis

By Herb Greenberg

Archer Aviation's (ACHR) stock spiked more than 25% this week on two pieces of news... But first, as an introduction, Archer is a fledgling flying taxi company whose single electric vertical take-off and landing ("eVTOL") aircraft has barely flown, but supposedly will be ready for prime time in less than two years. I first wrote […]

Tuesday, April 26, 2022

Revenge of the Real Companies

By Herb Greenberg

Toward the end of last year, you didn't have to be a chartist or market technician to know that stocks had officially arrived in the outer reaches of looney land... Sometimes you just know an inflection point is imminent... When I was focusing mostly on shorts as a journalist, I used to joke that the […]

Friday, April 8, 2022

Regulations Don't Get More Absurd Than This One

By Herb Greenberg

We're all used to regulations that make no sense, but there's one that isn't just absurd, but downright offending... Or, at least, it should be to any and every U.S. investor. I'm talking about the enormous disconnect between insider trading rules that apply to executives at public U.S. companies and foreign companies that trade here. […]

Friday, April 1, 2022

Talking SPACs, Levered ETFs, GoodRx, and Neckties

By Herb Greenberg

Up first, I can't let the U.S. Securities and Exchange Commission's ('SEC') proposed new investor disclosure rules for special purpose acquisition companies ('SPACs') go without comment... As my colleague Berna Barshay wrote yesterday in Empire Financial Daily... The SEC getting involved now feels a bit like closing the barn doors after the horses have already […]

Tuesday, March 29, 2022

The Cracks in the 'Creator Economy'

By Herb Greenberg

I can't be the only one who has wondered... Who has time for all of those podcasts... or newsletters... or blogs? It has reached the point where there's simply so much information and so little time, and the result is a firehose of content. Some of it is free, but quite a bit of it […]

Saturday, March 26, 2022

How Decades Covering Wall Street Led Me to My Latest Exposé

By Herb Greenberg

I've devoted most of my career to outing companies with potential issues... I even created the imaginary "Hostile React-O-Meter" in my columns to gauge responses to anything I write that is remotely controversial. It has since become a contra-indicator of sorts. But constantly poking around the underbelly of the seamier side of Wall Street had […]

Friday, March 25, 2022

This Is What It's Like to Switch Sides

By Herb Greenberg

Well, that was interesting... Yesterday, we formally launched my newsletter: Herb Greenberg's Investment Opportunities. The process of getting there, which took weeks, was far more involved than I imagined. My colleagues at Empire Financial Research take these kinds of launches seriously... everything from the newsletter's focus, to what it will be called, and to how […]

Thursday, March 24, 2022

How I Sounded the Alarm on One of the Greatest Scandals in Wall Street History

By Herb Greenberg

It all started with an offhand comment famed short seller Jim Chanos made in a CNBC interview back in late 2013 about 'a company' he had in his sights... I gave him a call, curious about what company he was talking about. Without getting into detail or confirming the name, he suggested I look at […]

Wednesday, March 23, 2022

Construction Cuts, Pizza Hats, and the CEO Who Got Caught Red-Handed

By Herb Greenberg

People know me as the guy who has exposed some of the worst stocks in America... I take tremendous pleasure in exposing a popular name that's involved in some kind of wrongdoing. For example, in 1995, I published an exposé in the San Francisco Chronicle called "The Tangled World of Supercuts." Supercuts is a nationwide […]

Tuesday, March 22, 2022

How I Became One of the Most Hated People on Wall Street

By Herb Greenberg

Throughout nearly four decades as a journalist, I unintentionally became known in some circles as 'the worst man' on Wall Street... It's not like I set out to make enemies. My first job out of college was with the now-defunct Boca Raton News, where I was the paper's first business reporter. Next, I spent a […]