This being earnings season, there are a lot of investor conference calls held by management.
They tend to be very dry, even for reporters who love to dive into financial statements. The presentations by top managers is scripted, and the question-and-answer session often provides more questions than answers.
And the calls can be lengthy. Sometimes, we just wait for the transcript to be filed with the Securities and Exchange Commission.
So it brought a smile to read the last question of most recent call by National Penn Banchares Inc., of Boyertown. The following is an exchange by Michelle Debkowski, who handles investor relations for the bank, and Glenn Moyer, the bank's CEO:
Michelle Debkowski: Thank you, Mike and one last question for you, Glenn, who will win the Super Bowl?
Glenn Moyer: You know, there you are. This is the one that's closest, is a clear forward-looking statement, but I've got to go with perfection in New England, but it could be close.
You heard from the banking sector: The Patriots in a close game.
Comments (1)
There is an interesting article on ESPN regarding the Super Bowl and the current economic downturn. The Super Bowl, and the NFL really, have been so successful that the product (and profits) continue to grow even with the recent economic troubles in the US.
One thing is funny, ironic. That even though some of the companies that are major sponsors of the Super Bowl, NFL, and TV (commercial) have been hit hard by record profit losses, increased debt, and large write-offs, they will still pour millions into advertising and other marketing promotions.
Here it is:
http://sports.espn.go.com/nfl/playoffs07/news/story?id=3218670
Posted by MAK | January 29, 2008 1:46 PM
Posted on January 29, 2008 13:46