Idiots Who Should Avoid Ratios and Statistics

[Parsad]

This retard from Bloomberg compiled a list of the most likely Canadian companies to default due to Europe's problems.  He screened ratios and has assembled them without actually reading any financials...a vacuous attempt at journalism!  Somehow Fairfax is on the list, as is Brookfield and a number of other companies that have almost zero chance of default even if Europe imploded.  Cheers!

 

http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/amid-macro-turmoil-canadian-firms-with-highest-risk-of-default/article2433712/

 

http://www.huffingtonpost.ca/2012/05/17/canadian-companies-risk-bankruptcy_n_1524895.html

[Liberty]

Maybe that's his watchlist and he'd just like a buying opportunity :)

[twacowfca]

This retard from Bloomberg compiled a list of the most likely Canadian companies to default due to Europe's problems.  He screened ratios and has assembled them without actually reading any financials...a vacuous attempt at journalism!  Somehow Fairfax is on the list, as is Brookfield and a number of other companies that have almost zero chance of default even if Europe imploded.  Cheers!

 

http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/amid-macro-turmoil-canadian-firms-with-highest-risk-of-default/article2433712/

 

http://www.huffingtonpost.ca/2012/05/17/canadian-companies-risk-bankruptcy_n_1524895.html

 

I guess he doesn't have ratios for the hedges they hold.  How shallow.