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alstry (35.35)

SPF Concealing Earnings?

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April 30, 2008 – Comments (2)

Traditionally, SPF announces in early April its Q1 earnings release date and CC for the end of April.  All public builders have announced dates so far.  NOT SPF!!!!

We don't even know if there will be a Q1 release and the shareholder meeting is coming up soon.  Calpers has scheduled a vote for the meeting and wants to kick members off the board to break up the cozy relationship these guys have had for years.  Any boy has it been cozy.

What message is SPF sending Calpers by refusing to provide earnings?  What message is the board sending to shareholders by not providing earnings?

Why is SPF refusing to disclose earnings so late in the game?  Isn't SPF a public company with fidicuiary duties?

2 Comments – Post Your Own

#1) On April 30, 2008 at 10:25 AM, cubguy1 (< 20) wrote:

Is SPF becoing beazerified? Beazer hasn't announced earnings in 3 quarters. SEC is asleep at the wheel again.

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#2) On April 30, 2008 at 10:34 AM, alstry (35.35) wrote:

But supposedly SPF is cashflow positive and doesn't have any issues according to management's most recent representations.

The question is whether management and the board are concealing something from shareholder in violation of the law?

Maybe the fact that Calpers wants to break up the board's cozy relationship has something to do with this?

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