Soon after, in 1846, the railroad stock index peaked and began to drop rapidly due to the combination of higher interest rates and growing investor realization that many railroads were not as profitable or even as viable
as stock promoters made them appear to be.
Not exact matches
[20] In essence, this was an early version of the conflict of interest argument made below:
promoters were using nonvoting common
stock as a way of maintaining voting control for themselves.
If the company were
as good
as the
promoter says it is, it would never have bought a penny
stock shell.
This emphasis on earnings from operations
as reported and on perceptions of growth by analysts and money managers permitted these people to ignore rather completely other factors that tend to be extremely important in any balanced analysis for which GAAP is useful: e.g., strength of financial positions; understanding the underlying business; and appraising management not only
as operators and
stock promoters, but also
as investors of corporate assets and financiers of businesses.
Some penny
stock promoters are just doing their jobs, maybe even reporting the facts
as they see them, and some are out to make money at any cost.
If you have experience
as a cashier,
stock clerk, product
promoter, or in maintenance and security, you will find a high demand for these careers.