Quantcast

Posts related to ‘Restatements’

Ten Stocks Unlikely To Survive 2012 (ALIM, AMR, APP, EK, ENER, FFN, NRTLQ, PNCL, RDDY, YRCWD)

Posted: December 30, 2011 at 8:15 am

Calling on the death of a company is no fun task.  Some companies cannot get it right and it is amazing how some companies can hold on to a status ...
Read Full Story »

Chimera Accounting Review, A Lesson For Other Mortgage REITs (CIM, NLY, AGNC, HTS, MORT)

Posted: November 15, 2011 at 11:01 am

Chimera Investment Corporation (NYSE: CIM) is the mortgage REIT which we used to dub "the vulture mortgage REIT" because of its targets in lower-rated mortgage-backed securities. Usually a delay in a ...
Read Full Story »

Week’s Big Market Gainers

Posted: June 25, 2011 at 8:40 am

CarMax shares moved sharply higher as the used car chain posted higher earnings than expected. Used car prices have risen and sales have tracked the upward momentum of those of ...
Read Full Story »

Chinese Accounting Woes Move Up To Large Caps (ACH, AA, CEO, CHU, RENN, LFT, ABAT, CCME, SHZ)

Posted: May 25, 2011 at 10:53 am

Can any accounting out of China be trusted?  This is what prudent investors have to start asking themselves.  Since early this year a new report comes out nearly every week ...
Read Full Story »

Five Stocks That Will Cheer The Flash Crash Anniversary Passage (ACN, AAPL, CNP, EXC, PG)

Posted: May 5, 2011 at 2:31 pm

Friday, May 6, 2011 will mark the one-year anniversary of the 2010 Flash Crash.  The Flash Crash has been blamed on many things and many investors still dispute the true ...
Read Full Story »

24/7 Wall Street/Harris Poll On Social Media And Television: Social Media Works

Posted: March 29, 2011 at 4:35 am

The 2011 Oscar telecast will go down as one of the worst in the history of the Academy of Motion Picture Arts and Sciences.   At least that is what many ...
Read Full Story »

The Return of False Press Releases (ELX, GIS)

Posted: June 16, 2010 at 8:49 am

Do you recall the press release hoax in 2000 that hit Emulex Corp. (NYSE: ELX)?  It was a disaster and also changed the manner in which many reporters covered news ...
Read Full Story »

Thor Drops Accounting Hammer (THO)

Posted: June 10, 2010 at 3:19 pm

Thor Industries, Inc. (NYSE: THO) is not a typical company we would cover for an earnings report.  Today is no normal earnings report.  The company did post rather impressive numbers, ...
Read Full Story »

The Twitter-24/7 Wall St. Stock Market Report 5.18 The Wisdom Of Crowds?

Posted: May 18, 2010 at 8:46 am

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some ...
Read Full Story »

The Mr. Dumas Accounting Award: Fuqi International (FUQI, MOV, JADE, ZLC)

Posted: March 17, 2010 at 6:32 am

Fuqi International Inc. (NASDAQ: FUQI) got killed last night and things are not looking bright this morning.  The Chinese jewelry designer found "accounting errors" which led to overstated profits for ...
Read Full Story »

AIG Discloses 2008 Troubled Derivatives Hand (AIG, BAC, GS, UBS, BCS)

Posted: January 29, 2010 at 3:43 pm

American International Group Inc. (NYSE: AIG) has released more information on many of the troubled Maiden Lane III derivatives transactions.  These are those contracts that helped to knock the company ...
Read Full Story »
bucks

Starbucks (SBUX) Begins To Thrash McDonald’s (MCD) In Coffee Wars

Posted: October 14, 2009 at 2:15 pm

McDonald's (NYSE:MCD) was supposed to crush Starbucks (NASDAQ:SBUX) in the premium coffee business when the world's largest restaurant chain introduced a line of premium java more than a year ago. It turns ...
Read Full Story »
Burning Money Pic

S&P Knocking Down Another $578 Billion in CDO Ratings

Posted: September 17, 2009 at 11:45 am

Standard & Poor's Ratings Services is making a house-cleaning exercise which could have a broad impact on the ratings of thousands of already-troubled securities.  S&P is changing its ratings criteria ...
Read Full Story »
Solar Panel Pic

LDK Disclosing More Write-downs and Provisions (LDK)

Posted: May 21, 2009 at 9:28 am

LDK Solar Co.Ltd. (NYSE: LDK) has announced plans to file its 2008 report with the SEC tomorrow.  As many have become used to with LDK, there is some negative news ...
Read Full Story »

State Street, Not Immune To Subprime (STT)

Posted: January 3, 2008 at 6:48 am

State Street Corporation (NYSE:STT) has announced that it will record a net after-tax charge in the fourth quarter of 2007 of $279 million, or $0.71 per share. The charge is ...
Read Full Story »