Monthly Archives: September 2012

I Must Be Getting Mature. I Passed Up The Easy Toilet Jokes.

Swisher Hygiene filed its 10-K.  Which reminds me, I did drink a lot of soda a few minutes ago.  I gotta go . . . How about urinal cakes, as only Paul Rudd could ask?  

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It Is Kinda Like Those Movies Where Carrot Top or Adam Sandler Wind Up Owning or Running a Large Public Company, Except In This Case, The Company Is Small. Very, Very Small.

Have you ever seen a situation and said to yourself, “I just don’t get it.”  This brings us to B-Maven, Inc., which just filed its Form 10-K.  Considering this company just recently “went public” on purpose, reading this thing is … Continue reading

Posted in IPO | Tagged , , , , , , , , , , , , , , , , | 4 Comments

Oz! Corvex and Marcato’s Shawshank Redemption. Funds Team Up To Make Changes to CCA’s Prison Business.

I wish I could tell you that the company fought the good fight, and the activist funds let him be. I wish I could tell you that – but corporate America is no fairy-tale world. He never said who did … Continue reading

Posted in Corvex Management, Marcato Capital Management | Tagged , , , , , , , , , | 9 Comments

Hedge Funds Raising a Bunch of Money to Buy and Sell Stuff To Each Other

Since EDGAR is down, we’re left with business news.  Two headlines next to each other: Landmark Is Said to Seek $2.5 Billion for Secondary Fund Franklin Resources buys prominent hedge fund firm K2 The fun part about the second article … Continue reading

Posted in Hedge Funds, M&A | Tagged , , , , , , , | 86 Comments

SEC’s EDGAR Site: Service Temporarily Unavailable

“The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.” Seriously?

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Company Files 10-Q Without Accountants’ Review and Blame Them For It. Accountants Respond Like Dan Aykroyd during Saturday Night Live’s Golden Era.

Well, this is interesting.  A bit of he said/she said between an issuer and its accountants. RT Technologies, Inc. is a China-based company in the business of not doing anything.  Don’t believe me?  In the words of Groucho Marx, who … Continue reading

Posted in Dismissal of Accountant, Late Filing | Tagged , , , , , , , , , , , , , , , , | 4 Comments

Skullcandy Hires “Experienced” Guy As CFO, Not Previously Affiliated With The Beatles. Buy Why? AARP Approves, Will Investors? Will Potential Acquirors?

Skullcandy (SKUL) went public about 14 months ago with one of the coolest prospectus covers we’ve ever seen.  They must have spent a fortune on printing in that offering.* When a cool, hip company like Skullcandy goes public at $20 … Continue reading

Posted in IPO | Tagged , , , , , , , , , , , | 8 Comments

Oh Boy! Office Depot In Play? WWDMD (What Would Dunder Mifflin Do)?

Activist investor Starboard Value jammed Office Depot’s printer with its notice that it owns over 13% of the shares of the common stock of ODP, the home of office supply savings (60% off of store brand printer ink as we … Continue reading

Posted in Starboard Value | Tagged , , , , , , , , , , , , | 21 Comments

And We’re Up and Running

We have some older posts here that were previously private-only.  The subscription site with in depth coverage of covered companies launches next week.  New stuff will be comin’ at ya fast and furious and other Vin Diesel movies too.  We … Continue reading

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iGo Stopping? Signs are Bad When Your Accountant Goes Away, Just Ask Dennis Farina After Charles Grodin Left in “Midnight Run.”

Is there a reverse stock split in iGo’s future?  A delisting?  Something else?  Here is the situation: 1.  For fiscal 2011, revenues decrease from $43.4 million to $38.4 million while losses skyrocket from a base of $2.5 million to $11.6 … Continue reading

Posted in Delisting, Dismissal of Accountant | Tagged , , , , , , , , , | 6 Comments