Misrepresented Facts in Gingrich-Stansberry & Associates 'Errant E-mail' Story

Stansberry & Associates Investment Research clarifies that no “mistake” was made in distributing its promotional material to Gingrich list. Publishing company says it paid to send its controversial e-mail to Gingrich Marketplace readers.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
Stansberry & Associates Investment Research

Stansberry & Associates Investment Research

Baltimore, MD (PRWEB) November 02, 2012

"Yesterday morning, subscribers to former presidential candidate Newt Gingrich's newsletter received an e-mail from our organization predicting President Barack Obama will win re-election," said George Rayburn, publisher from Stansberry & Associates.

Mr. Gingrich has drawn criticism from his supporters for allowing the e-mail to go out to readers of his Gingrich Marketplace publication.

"We would like to clarify some misstatements in the resulting news coverage," stated Rayburn.

ABC News reported that Human Events – the company that manages Mr. Gingrich's e-mail list – “mistakenly” sent out a promotional advertisement by Stansberry & Associates Investment Research. In addition to predicting President Obama's victory this month, the video also describes how he will use that power to secure a third term, despite current constitutional prohibitions.

Rayburn further stated, "The mailing was not a mistake. Stansberry & Associates Investment Research rented the Gingrich list in question – as we have before."

Representatives from Human Events were quoted saying, “It [the Stansberry promotion] was actually scheduled to run on another of our lists." A spokesman for Mr. Gingrich said, “We do not rent to the entity in question” and said we are on his organization's "blacklist."

Rayburn then went on to say, "In fact, we have worked with Human Events and advertised with the Gingrich organization several times, most recently in September."

“We’ve had a great working relationship with Human Events for several years,” said Chad Barrett, director of online marketing at Stansberry & Associates. “The mailing was not a mistake. If we’ve been ‘blacklisted,’ that’s news to us. This isn’t the first time we’ve advertised in Gingrich Marketplace. We ran two other ads in September 2012.”

The promotion in question featured Porter Stansberry, founder of Stansberry & Associates Investment Research, predicting the re-election of President Barack Obama and went on to tell viewers how they can capitalize financially on this event – one that Stansberry sees as, “unfortunate but inevitable.” The video can be viewed at http://pro1.stansberryresearch.com/10155/.

About Stansberry & Associates Investment Research
Stansberry and Associates Investment Research is an independent financial research firm, delivering objective investment intelligence to self-directed investors in a wide variety of sectors and market conditions. Stansberry experts produce a steady stream of timely research on value investing, maximizing income, sector investing in energy, resources, biotech, medical technologies, financials, technology, short-selling, macroeconomic analysis and options trading.

Founded in 1999 and based in Baltimore, Stansberry and Associates has more than 20 analysts and assistants as well as former hedge fund managers and buy-side financial experts that publish proprietary insights to retail investors in more than 100 different countries. Stansberry & Associates has additional offices in Florida, Oregon and California.