Topic: Current Events

— 1930 items —

Connecting the dots…
January 16, 2004—Ikon Office Solutions (IKN) has decided to expand its board from 8 members to 12 members. But in its proxy filed yesterday, it discloses that one of those new board members, Gerald Luterman, is the subject of a formal SEC investigation. Luterman, who currently serves as CFO for KeySpan Corp. (KSE) , is being investigated […]

Just pretend it never happened…
January 6, 2004—ConAgra (CAG) filed its latest 10-Q yesterday, which was exactly two weeks after the first case of Mad Cow in the US was reported. Yet despite ConAgra’s large stake in beef feedlots and processing — it still owns about 45 percent of a large beef and pork operation it sold to a group of investors […]

It’s not just their food that’s fattening…
December 17, 2003—Investors in AFC Enterprises (AFCE.PK) lost big when the company announced earlier this year that its stock was being delisted from NASDAQ because of its failure to file its 2002 10-K. Since August, the stock for the company that owns and franchises Popeye’s and Church’s fried chicken restaurants, as well as Cinnabon stores, has been […]

Family Dollars…
December 1, 2003—Business is looking good for the brother of Family Dollar’s (FDO) former chairman, Leon Levine, and uncle of its current chairman/CEO, Howard Levine. According to the proxy filed late Wednesday, the company purchased 50 percent more in fiscal 2003 from companies represented by Uncle Sherman. In 2003, the company purchased $15.3 million worth of merchandise, […]

Running late…
November 18, 2003—Yesterday, on the Stock Dr. radio show , I was asked why it was such a big deal when a company missed the deadline to file its 10-Q or 10-K. Companies currently have 45 days for the Q and 90 for the K, though that’s going to start changing next year. On Friday — the […]

Winds of change…
October 30, 2003—Though the number is still small, there’s a growing number of companies out there that are releasing their earnings on the same day that they file their 10-Qs, even though they don’t have to. That’s great news for average investors because it means we have access to the real information instead of the PR-spin that […]

Talk, talk…
October 24, 2003—Qwest’s Communications’ (Q) audit committee had lots to talk about in 2002. According to the proxy filed on Friday, the audit committee met 26 times last year, or more than twice a month. Compare that to 2000, when the audit committee met just six times. With 4 members of the committee each receiving $2,000 a […]

A rising tide…
October 16, 2003—Investors in Carnival Corp.’s (CCL) zero-coupon bonds have something to cheer about, though Carnival shareholders won’t be as happy. Buried deep in the company’s 10-Q filed yesterday is the disclosure that Carnival’s zero coupon bonds are now convertible to 17.4 million shares of stock because Carnival stock hit $33.77 a share for an undisclosed defined […]

Change is good!
October 8, 2003—Rite-Aid’s (RAD) former chief counsel Franklin C. Brown is currently on trial in a federal courthouse in Pennsylvania facing a number of criminal charges, most of them related to creative accounting. But the company’s 10-Q filed on Tuesday shows how the company is trying to win back investors, in part, by being very open with […]

Nice work if you can get it….
September 8, 2003—In PalmSource’s (PSRC) registration statement to offer 2.75 million shares filed earlier today, the company notes that it has entered into a consulting contract with one of its directors, Satjiv Chahil. Under the contract, which was entered into on August 1, Chahil will receive $11,200 per month in exchange for four days of work. His […]