If you haven't read Sam Antar's rundown on how he committed fraud at Crazy Eddie's, you should.
It'll not only change your mind about keeping an eye on cash flows, it'll make the whole "family-owned" thing seem like less of a plus.
That's how our courts work, which is why Ken Lay's convictions were overturned when he croaked. [more]
Can you imagine the headlines if that were the case? [more]
I mean Cramer, but when he writes stuff like this, he deserves everything he gets. [more]
This is, sadly, Chris Byron's last piece for the post. It should be required reading for anyone who thinks that microcaps are the way to get rich. [more]
A brief update to my post on finding the right kind of nitwits (to use as contrary indicators). [more]
Post bubble, we all heard that analysts were walled off from the Investment Banking side of things by the so-called Chinese Wall. [more]
We could apply it to these gawd-awful rent-an-analysts who pump garbage like this:
So, OSTK won't need cash?
Then why go around selling shares below market price?
Doesn't take a genius to sell stuff at a loss over the Internet. Takes quite a ringmaster to keep inviting people into this circus, however.
If you don't read footnoted.org, you should. It's got the Web's best tidbits trawled up from SEC filings. [more]
Hey! Our index can beat your index! At least for 6 weeks!
In your FACE other indexes!
A contender at least.
From ToddTracy on Northworst Airlines:
"Me follow crowd good."
ToddTracy (70.21) 12/13/06 3:11 PM : Underperform
A few ideas on how to use caps to boost your score. This has long been one of my favorites. It is an idea straight from the caps development team. I won't name names, of course, but it sounds like "Howdy Pardner" and this was the idea: A Nitwit Report. [more]
Terrible tools of the Oil/Gas/Military/Industrial complex, like Eldrehad and I, have been looking cross-eyed at the "hydrogen" future for quite a while. First off, hydrogen currently used for fuel cell applications comes from where? Oh yeah, that same old dirty oil you toss in your car in a more convenient way now. [more]
Good on Businesweek for doing a lot to publish the work of Stanford assistant professor Alan Jaolinzer, who's study of more than 100,000 10b5-1 trades concludes that they beat the market by 6% over 6 months, implying that the trades are in fact capitalizing on insider knowledge. That's exactly what they're not supposed to enable managers to do, and removing this problem was the SEC's goal in creating these plans. [more]
Hey, I didn't say it, the Chair of GlobeTel did. Not in so many words, of course. But read this, and you'll see what I mean. [more]
Crammer advising retail investors on which IPOs to choose. (The research I've seen shows that portfolios of IPOs nearly always underperform their peers.)
Somebody tell me that's not obscene.
From a guy who does OK at Caps, and takes his lumps... [more]
Ahh, CEOs... So transparent. So utterly devoid of dignity -- sometimes. [more]
One of my investing theorems is that CEOs who have time to complain when I write about their overpriced stock are probably worried about their overpriced stock, and not running the business. After all, if their business is great, what does it matter what I think? And if I'm really as big a ninny as they claim in their PR campaigns, why bother trying to refute me? [more]
My coworkers don't let me take too many bong hits at work. That's how I know I didn't hallucinate this whole thing… [more]