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Archive for the 'real estate' Tag

The mystery in Forestar’s annual report…

Thursday, March 4th, 2010

A lot of us like a good mystery, but most of us probably prefer the ones in a book to those in an SEC filing.
When we looked at the 10-K that Forestar Group Inc. (FOR) filed yesterday, we noticed an interesting example that illustrates an important point:  Shareholders need transparency and full disclosure in SEC [...]

Another sure sign of spring: the boring Chairman’s letter…

Thursday, April 9th, 2009

Along with the daffodils and the start of baseball (and one of these days, warmer weather) comes another rite of spring: the Chairman’s letter. While Warren Buffett’s annual letter is always held up as an example, most of them — as we footnoted last week — are either full of happy-talk or a long boring [...]

Overstock’s real estate and naked short risks…

Wednesday, August 6th, 2008

In a little less than two weeks, footnoted will celebrate its fifth anniversary and in all of that time writing about odd disclosures at all sorts of companies, I’ve managed to avoid writing about Overstock (OSTK). It was definitely a conscious decision, mostly because so many other people were beating the drum, including my friend [...]

Sex party house sells — sort of

Thursday, July 17th, 2008

On Tuesday, Countrywide’s sex party house sold at auction for $475K, a substantial haircut from the $1.1 million Countrywide was in for. Keep in mind that as Floyd Norris pointed out last month, that doesn’t include any losses from second mortgages.
Real Estate Disposition Corp handled the auction on Tuesday and will collect a 5% buyers [...]

Oracle’s shrinking campus in Redwood City…

Wednesday, July 2nd, 2008

Oracle (ORCL) filed its 10K earlier today and one of the things that quickly jumped out at me (thanks to 10KWizard’s Compare Wizard feature) was how much its Redwood City headquarters had shrunk in the past year.
In last year’s 10K, the company said that its headquarters facility in Redwood City was 3.8 million square feet. [...]