Quote:
Originally Posted by ahnuld
Yes.
I dont understand how someone can buy individual stocks without at a minimum reading the annual report on EDGAR. and thats really a minimum.
While Yahoo! is certainly a good place to start, the annual & quarterly are absolutely critical.
This is especially the case on micro-cap stocks. A lot of the stuff I own has outdate/incorrect Yahoo! stats.
There have also been times where Yahoo! does not correctly list dividend. This does not happen often, but it has happened with stuff I own several times over the years. Sometimes, this can lead to a very good trading opportunity.
Yahoo! is also sometimes "slow" on updating statistics of companies. If you are on top of things, this can lead to a good trade. For example, Yahoo! lists a company as losing money...it shows up on stock screens as losing money, but you get the quarterlies & annual, read it ASAP and realize that NOW the company is actually making money....buy it before it shows up on the screens as being profitable.