RT Journal Article SR Electronic T1 Warnings from the Enron Message Board JF The Journal of Investing FD Institutional Investor Journals SP 29 OP 52 DO 10.3905/joi.2002.319512 VO 11 IS 3 A1 James Felton A1 Jongchai Kim YR 2002 UL https://pm-research.com/content/11/3/29.abstract 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.