Worst Corporate Press Release Of The Day: Comverge (COMV)
November 5, 2008 by Douglas A. McIntyre
Most companies would never think of sending out a press release congratulating the new president. It looks too self-serving and smarmy.
Comverge (COMV) could not help making itself look foolish. The provider of clean energy solutions issued a press release congratulating Mr. Obama "on his commitment to usher in a new era in America’s energy policy — an era that calls upon comprehensive clean energy solutions to power our future. "
To make certain that the company looked like it was aligning itself with all that is right and good, it added Robert M. Chiste, Chairman, President and CEO of Comverge, said, "Comverge is uniquely positioned to support these goals and lead by example while demonstrating the benefits inherent in President-elect Obama’s commitment to a clean energy future. Our clean energy technologies for demand management and smart grid are very cost-effective now, even without government subsidies."
Comverge also believes that first degree murder should be punished by life in prison and that people should not be allowed to smoke in restaurants.
The press relations effort is working, The stock is only off 80% from its 52-week high of $35.25.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.