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The past year has been less than miraculous at Scotts Miracle-Gro (SMG). For starters, its stock has declined 36% since last September. As Michelle chronicled in 2007 (here and here), there have been a series of executive arrivals and departures. And the company’s recent 10-Q cites several problems in 2008, including a voluntary recall of bird food, an investigation by [...]
Dietary supplement maker and multi-level marketer Mannatech (MTEX) is feeling pretty sickly. Just days after slashing its dividend by 77%, the company disclosed that its CFO and Audit Committee Chairman have received a Wells Notice from the SEC. The Notice stems from a seemingly innocent auditor change in October 2007, which normally involves a routine [...]
Remember the good old days before we taxpayers found ourselves bailing out the likes of Bear Stearns, back when the most exciting story on the business page was stock option backdating? Sure, the backdating scandal was disturbing, revealing widespread sneakiness in the service of greed, and it caused a bunch of earnings restatements. But no [...]
Way back in 2005, we footnoted an upstart home restoration company who set Internet message boards ablaze as it flew higher and higher. Home Solutions of America (HSOA.PK) was one of the “it” stocks of 2005/2006, racing from $1.41/share in May 2005 to an all-time high of $14.14/share in May 2006 – a gain of [...]
Sometimes I think Soap Opera Digest should cover public companies. Case in point: Integral Systems Inc. (ISYS). Integral had a good year, thanks in part to contracts with the Air Force, but it’s still playing out the later episodes of a long-running drama with several sordid plot lines. Integral’s 10-K (filed last week) reports that [...]
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