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Down memory lane…

New Year’s is always a great time to reflect. Just a few years ago, Analytical Surveys (ANLT) was trading at over $500 a share. Today, it’s trading around $3, after a 10:1 split. According to the K that the company filed yesterday, it may finally be putting its old problems behind. In late September, the company finally reached a settlement with the SEC, which had launched a formal investigation into the company over accounting irregularities. The management responsible resigned a long time ago. And shareholder lawsuits regarding the steep drop have been resolved. Now, the question is, can investors learn to trust this company again?