A baseball player who gets a hit once every three at bats is almost guaranteed to be elected to the hall of fame. However, baseball's measure of excellence does not apply to investor relations where IROs and CFOs polled for the October issue of CFO magazine gave their surveillance firms a 29% batting average.
In order to assess shareholder identification efforts, CFO magazine, in conjunction with NIRI, surveyed a large number of IR professionals. Results revealed that fully 50% of respondents use stock surveillance but only 29% are very confident of findings. Paul Schulman of proxy consultancy Altman Group summed up: "CFOs may think they have an idea of who owns their stock, but when it comes to real-time knowledge, they really don't." It is incredible that investor relations departments feel compelled to spend thousands of dollars a month on information they believe to be right less than a third of the time.
One of the biggest drawbacks with the surveillance data is the great gap between timeframes for regulatory filings like 13Fs and 13Ds versus the peripatetic way of the equity markets now. This results in investors and IROs relying on outdated information.
IROs need to consider updating their thinking rather than frustrating their IR strategies and budgets with anachronistic measures and tools of limited reliability. If investors are engaged in efforts to conceal themselves could it be that they dont wish to be known? Perhaps theyre running multi-asset products that dont turn anymore on relationships or fundamentals alone. And if so, what fruit should an IRO expect from efforts to establish a relationship?
Weve used this comparison before, but what if geopolitical counterintelligence relied on hearsay and ignored satellite reconnaissance? Satellite images are indispensable now to everything from geological surveys to spooks. Its modern technology.
Be sure to read the CFO magazine article. And if youre not using the equivalent of IR satellite imagery to understand the forces at work behind your volume, youre trying to operate pre-Sputnik in a decidedly post-Sputnik era (apologies for any mixed metaphors).
Getting Your Money's Worth
There are dozens of places on the internet to buy discount hunting supplies; doing a simple Google search will bring the hunter back option upon option. Online stores are able to sell their goods at a greatly discounted rate primarily because they don't have the overhead to pay for as at your local hunting store. A hunter needs so much, often costly, equipment, finding anything at a discount can be a great help for the pocketbook.
The most important thing a hunter needs to be aware of when buying online at discount hunting supply stores is quality over quantity. While buying the most expensive available isn't necessary, it will be necessary for a hunter to have good quality equipment to hunt with, otherwise he'll be miserable, uncomfortable, or have untrue shots that will ruin his chances at a kill. The best way to determine if a certain brand of equipment is worth the money is by looking at product reviews. Some online shops will have customer reviews right on their website, but most often a hunter should look for product reviews using a search engine. There is no better way to tell if an item is good than by seeing what other hunters have to say about it.
Clothing alone can often set a hunter back a lot of money. While a newcomer might not realize it, utmost comfort in the field can mean the difference between a successful hunt and a miserable one. As in the case with deer hunting, which is often done in the fall of the year, warm clothing will be essential for a successful hunt. A good jacket alone can set a hunter back $150; this is why clothing is often a great item to buy online. Every hunter knows his size, so it's relatively safe to purchase online and know what you're getting.
Discounts are a lifesaver for a hunter just starting out who has a lower hunting budget. There was a time when hunting was only for the wealthy, but that since has changed, and buying good quality supplies is now well within the reach of the average hunter. The only thing to be aware of when shopping online is to be sure that the company you're going through is reputable. Secure payment transactions are essential, and be sure that the company has a good return policy for damaged items. With these tips in mind, shopping for all of your hunting supplies from home will be both a breeze, and easy on the wallet.
Both Tim Quast & Abhishek Agarwal are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Tim Quast has sinced written about articles on various topics from Iphone Reviews, Finances and Forex Guide. Tim Quast is a fifteen-year Investor Relations veteran and founder of ModernIR. Learn more about Equity Analysis and trading inteligence. Sig. Tim Quast's top article generates over 2900 views. Bookmark Tim Quast to your Favourites.
Abhishek Agarwal has sinced written about articles on various topics from Surveys, Camping and Camping. Abhishek is a long-time Hunting addict! Visit his website http://www.Hunting-Guru.com and download his FREE Hunting Report "Plan The Perfect Hunting Trip...On. Abhishek Agarwal's top article generates over 368000 views. Bookmark Abhishek Agarwal to your Favourites.
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