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Judging by what’s happening at MF Global (MF) today, it looks as if belonging to the ultra-exclusive Core Club may just be a contra-indicator. Footnoted regulars may remember that last month we footnoted about the sudden departure of CFO Amy Butte, whose parting gifts included continued Core Club access for the next 18 months. On [...]
When we last footnoted First Marblehead (FMD) back in mid-November, the stock was trading at over $30 a share. Five weeks later, it had fallen 65%. Now, word comes in the form of this 8-K that First Marblehead’s two most senior executives — CEO Jack Kopnisky and Chairman Peter Tarr — are feeling simpatico with [...]
Late Friday, bond insurer Ambac (ABK) filed this 8K disclosing both a subpoena from the state of Massachusetts and a class action lawsuit, which had been reported earlier in the week (attorneys aren’t usually shy about sending out press releases) and which you can read about here. But it was the last part of the [...]
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 [...]
A decade ago, I edited a bunch of stories about a company called WellCare, a fast-growing HMO that was based in Kingston, N.Y. Just looking at this press release from Feb. 1995 — the presence of the words “record results” are one of the simplest, yet best contra-indicators around — makes me kind of misty. [...]
