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In a little less than two weeks, footnoted will celebrate its fifth anniversary and in all of that time writing about odd disclosures at all sorts of companies, I’ve managed to avoid writing about Overstock (OSTK). It was definitely a conscious decision, mostly because so many other people were beating the drum, including my friend [...]
On Tuesday, Countrywide’s sex party house sold at auction for $475K, a substantial haircut from the $1.1 million Countrywide was in for. Keep in mind that as Floyd Norris pointed out last month, that doesn’t include any losses from second mortgages. Real Estate Disposition Corp handled the auction on Tuesday and will collect a 5% [...]
Oracle (ORCL) filed its 10K earlier today and one of the things that quickly jumped out at me (thanks to 10KWizard’s Compare Wizard feature) was how much its Redwood City headquarters had shrunk in the past year. In last year’s 10K, the company said that its headquarters facility in Redwood City was 3.8 million square [...]
When McAfee (MFE) hired David DeWalt as its new CEO in April 2007, DeWalt’s offer letter specifically stated that he would have six months to relocate to Dallas-Ft. Worth and that the company would pay for various moving expenses as well as “reasonable expenses for weekly round-trip airfare to California” where DeWalt lived. Make that [...]
The motto of discount clothing retailer Syms Corp (SYMS) is: “An educated consumer is our best customer.” An educated shareholder, on the other hand, can be a pain in the butt. Esopus Creek, an activist hedge fund holding about 4% of Syms stock (the Syms family controls the majority), has been educating itself about the firm’s [...]
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