How a Group of Students Sold Enron a year Before the Collapse
The article talks about how some students from Cornell University analyze Enron's stock using both technical and fundamental analysis. At the time, 1998, Enron was a high performing company, however, after taking on a project on financial analysis as part of their course work the students met inconsistencies in the annual report. These discrepancies suggested that something was amiss, and fraud was the likely reason. Cornell University has a live investment fund known as Cayuga fund with $650,000. The funds purchased Enron shares in December 1998 at $27 per share and more in October 1999. This totaled 720 ...