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Doing good by doing well?

Thursday, November 29th, 2007

Nearly four years ago, I footnoted Jacobs Engineering (JEC) for what at the time seemed like a minor revolution: giving investors an easy way to contact directors via email or a toll-free number to file “at any time a good faith complaint regarding any questionable accounting, internal accounting controls or auditing matters concerning the company [...]

Suffering from deja vu…

Thursday, November 1st, 2007

A decade ago, I edited a bunch of stories about a company called WellCare, a fast-growing HMO that was based in Kingston, N.Y. Just looking at this press release from Feb. 1995 — the presence of the words “record results” are one of the simplest, yet best contra-indicators around — makes me kind of misty. [...]

More lumps of coal at UT Starcom?

Friday, October 12th, 2007

It’s been awhile since we last checked in on UT Starcom (UTSI), but when we saw the 10-K that the company filed earlier this week (as well as a Q), we saw that the stock has declined nearly 90% since we last footnoted the company. In addition to the filings, the company also announced on [...]

Freshly baked from the SEC…

Tuesday, October 9th, 2007

A short time ago, the SEC released its much-anticipated review of the 2007 proxy season and the new rules on executive compensation. The short version is that too many companies — well, at least the 350 that the SEC reviewed — wrote way too much, but said way too little about compensation and that there [...]

Rushed to the altar?

Wednesday, October 3rd, 2007

Last month, health care giant Humana (HUM) announced plans to acquire the much smaller KMG America (KMA) for $6.20 a share. While KMA stock rose sharply when the deal was announced on Sept. 10, there was an interesting tidbit in the preliminary merger proxy that KMG filed late yesterday that makes me wonder whether KMG [...]