2007-04-04 13:25:19 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
Because BMW management refuses to publish accounts according to U.S. GAAP. Daimler Benz, which listed its ADRs in the U.S. long before the Chrysler merger, used to be one of the favorite study subjects in comparative accounting; their earnings computed according to U.S. GAAP would invariably be way more volatile than earnings computed according to the German Commercial Code. BMW management does not want anyone to know how volatile their earnings are...
But the title of the most opaque company, in all honesty, should go to Porsche; those guys even refuse to publish quarterly accounts, insisting that semi-annual accounts are good enough.
2007-04-04 13:36:29 · answer #1 · answered by NC 7 · 2⤊ 0⤋
Casue they dont have to and dont want to comply with U.S. Securities Laws. They do not have to be traded in the U.S for you to buy them. Your broker=dealer is likely affilaited with foreign dealers who can buy you shaes. The one extra risk you would have to deal with is currency risk though.
2007-04-04 21:14:48 · answer #2 · answered by Peaches 4 · 0⤊ 0⤋