To follow up on my earlier post today, I checked out Galdwell's comment in his New Yorker article that Cornell grad students, using SEC filings and doing ratio analysis, had very early recommended a SELL on Enron, and this recommendation was available on Cornell's web site. The report dates from 1998, long before the company failed. They are posted on the Parker Center Johnson Center site at Cornell, and the Enron research is among those available at http://parkercenter.johnson.cornell.edu/research_other_student_reports_9798.htm.
The disclaimer notes, among other things, that the report is intended to solely serve as an example of student analytical work, and it is based on information available to the public, and the report is not intended to provide investment advice.
I didn't know of these reports. I think they could serve as an example to show our students as they incorporate business and industry, accounting and financial analysis and valuation, and comparable company valuation.
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