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Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
Weekend Follies Oct 28
Posted on 10/30/2006 00:00 AM | Link | Post Comment
The following companies release information at oddball hours over the weekend when investors are typically not looking at their screens. Basically they are sneaking news out and hoping to call it disclosure. The culprits are:
ESS Technology (Nasdaq:ESST) reported poor results, announced that they are reorganizing and that they are in discussions with a variety of entities but have nothing to report. Sounds like this company has nothing to offer but heartburn.
GATX (NYSE:GMT) declared a dividend after the market closed. Made the point that the dividend is unchanged and then went home without any further comment.
Lawson Products (Nasdaq:LAWS) announced increased sales but lower operating income. They are incurring costs as they terminate independent representatives. If there is a change they should have identified the total probable cost and reserved for it once. Investors need not die the death of a thousand cuts. The press release did not provide any adequate explanation or discussion about operations.
ESS Technology (Nasdaq:ESST) reported poor results, announced that they are reorganizing and that they are in discussions with a variety of entities but have nothing to report. Sounds like this company has nothing to offer but heartburn.
GATX (NYSE:GMT) declared a dividend after the market closed. Made the point that the dividend is unchanged and then went home without any further comment.
Lawson Products (Nasdaq:LAWS) announced increased sales but lower operating income. They are incurring costs as they terminate independent representatives. If there is a change they should have identified the total probable cost and reserved for it once. Investors need not die the death of a thousand cuts. The press release did not provide any adequate explanation or discussion about operations.
- Countrywide: Time To Look At The Board
- Gm Veba; Investors Need To Pay Attention
- Axa Research What Is This?
- Ldk Encircled By Wolves
- Bain Submits To Foreign Security Review But Will Investors Benefit
- Oct 2007
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- Jul 2007
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- Dec 2006
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- Aug 2006
- Jul 2006
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Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Fri Jul 18, 2008 08:23AM
U.S. stock futures rebound on Citigroup results"S&a [read more]
U.S. stock futures rebound on Citigroup results"S&a [read more]












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