Last Monday, Cost Plus (CPWM) reported its third quarter results after the market closed. During the quarter, the company lost money and same store sales fell by 4.3%, which the company said was related to “heavy coupon activity” during the third quarter a year earlier. The next day, one analyst at a small firm lowered [...]

Could the sub-prime crisis in Florida be impacting air travel in the Sunshine state? Perhaps, judging by the revised S-1 that Gulfstream International filed late Friday. Gulfstream International, not to be confused with Gulfstream Aerospace, the General Dynamics (GD) owned company that sells corporate jets, operates a regional jet service in Florida and the Bahamas [...]

Investors in Source Interlink (SORC), a frequent flier here at footnoted (see here and here and here) have been through a lot these past few years. When I first questioned some of their disclosures back in March 2005, Source was trading at just under $12. Today, it’s trading at just under $3. Just this year, [...]

Quixote Corporation (QUIX) seems like an odd name for a company, since Don Quixote would hardly have been much of a businessman. But names don’t really matter. As Cerberus Capital Management has proven, you can inadvertently name yourself for the 3-headed dog who guards the entrance to the underworld and still make truckloads of money.
Quixote’s [...]