To follow up on yesterday's post on rumors, CNBC Fast Money reported last night that of 130 buyout rumors since December, only 4 have panned out (source: StreetAccount).
Jeff Macke, one of the fast money five on CNBC said, "speculation and rumors are part of the Wall Street game. They always push stocks higher and traders need to be smart enough to separate fact from fiction."
As outlined yesterday, IR plays an important role in facilitating the separation of fact from fiction.
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About Anil Dilawri
Anil is Director of Hill & Knowlton Canada’s Investor Relations group. He provides strategic counsel and leadership to publicly traded companies and/or organizations that are planning an initial public offering. His value is his ability to develop modern day investor relations strategies, policies and procedures to ensure that a company’s investor relations program is effective in meeting the needs of shareholders, prospective shareholders, financial media, company management, and the Board of Directors.
Anil has a vast amount of experience in communicating with members of the North American and European investment communities. This community includes sell-side analysts, buy-side shareholders, prospective institutional shareholders, retail shareholders, and financial media.
Before joining Hill & Knowlton Anil was the head of investor relations for March Networks Corporation where he was the strategic leader and day-to-day contact for a number of March Networks’ key stakeholders, including financial analysts, shareholders, media, and industry associations. Prior to March Networks Anil was at Cognos Corporation where he held several senior positions in investor relations, product marketing, and research and development.