Jekyll and Hyde
What it is:
Jekyll and Hyde is ato describe volatile corporate .
How it works (Example):
Let's say Company XYZ reports a profit in the first quarter of 5 cents per share. In the second quarter, it reports a loss of 15 cents a share. In the third quarter, profits are big, at 20 cents per share. In the fourth quarter, however, losses are 10 cents a share. Company XYZ has Jekyll and Hyde financial statements.
Why it Matters:
TheJekyll and Hyde is from the famous Robert Louis Stevenson novel "The Strange Case of Dr. Jekyll and Mr. Hyde," in which nice scientist Dr. Jekyll becomes evil Mr. Hyde.
In the finance world, Jekyll and Hyde behavior can also include companies whoseseem strong but actually conceal significant weaknesses, companies whose prices are volatile for no apparent reason, or companies who have conflicting goals or activities.