Auction-rate blues at Hot Topic…
Thursday, May 29th, 2008This week The Wall Street Journal reported that at least 400 companies are stuck holding auction-rate securities. Since these securities remain as unmarketable as the recordings of past American Idol Taylor Hicks, some firms (including Google, says the Journal) took partial write-downs in the first quarter. In skimming some first-quarter disclosures, I sense that companies [...]
