Well, my mailbox is full of fat envelopes. Must be the season of poring over annual reports and doing my shareholder duty by voting by proxy. To tell you the truth, I find poring over this stuff a lot of fun.
Coca-Cola's (KO) packet arrived yesterday, Wisconsin Energy (WEC) arrived tonight. In each of these packets, there is: one super glossy annual report, one 10K report, one invitation to foreign lands to personally vote (Delaware, anyone?), one ballot, one envelope.
The annual reports I find are the most fun. Reading them is a skill - no company ever intentionally put bad news in an annual report (they want you to keep investing after all), but you can find it if you have an eye for nuance and can combine graphs together that the company didn't really want you to. For example, KO's sales are still flat in most of the developed world - Latin America is what's growing.
Time to sharpen my kn--, I mean pencil, and see what new fun thing I get to vote for or against. I'm one of those shareholders who will read about what I'm voting on and also read for nuance. There's been some damn weird stuff that's been written up for a vote.
More tomorrow.
The real fun of owning stocks
March 29th, 2006 at 05:17 am
March 29th, 2006 at 05:58 am 1143611886
More power to you!
April 2nd, 2006 at 12:25 am 1143937521