PT  - JOURNAL ARTICLE
AU  - James Felton
AU  - Jongchai Kim
TI  - Warnings from the Enron Message Board
AID  - 10.3905/joi.2002.319512
DP  - 2002 Aug 31
TA  - The Journal of Investing
PG  - 29--52
VI  - 11
IP  - 3
4099  - https://pm-research.com/content/11/3/29.short
4100  - https://pm-research.com/content/11/3/29.full
AB  - As Enron collapsed in the Summer and Fall of 2001, most Wall Street analysts maintained either “buy” or “strong buy” recommendations for Enron common stock. The largest bankruptcy in U.S. history was often described as coming “without warning,” as $60 billion in market capitalization vanished. The authors searched postings on the Yahoo! Enron Message Board between 1997 and 2001 for warnings of a crash to come. They find a compelling four-year history of Enron as told by apparent insiders through anonymous posts. Excerpts of 127 posts from Enron's Yahoo! message board, describing a disturbing corporate culture at Enron, include repeated warnings to investors to get out while they can.