Pro Forma Deception
Tuesday September 23, 2003
In the past five or six years, investors have been confronted with the rise of a peculiar and sometimes deceptive practice of management’s endorsement of so-called “pro forma” financial statements ... Read More
AOL Time Warner Acknowledges Defeat
Sunday September 21, 2003
AOL Time Warner has finally acknowledged that the largest merger in U.S. corporate history has failed miserably. The company announced that it will drop "AOL" from its name. ... Read More
Attention Espresso Fans
Wednesday September 17, 2003
Investors know that government taxation issues have an impact on the attractiveness of certain investments. Seattle, Washington business owners are realizing this the hard way. The city is ... Read More
The Perils of the Commodity-Type Business
Wednesday September 10, 2003
There are certain types of businesses that are notorious for destroying shareholder wealth over long periods of time. Often, these businesses are referred to as commodity-type because they compete ... Read More