Topic: Operations

— 2161 items —

Organic earnings?
December 29, 2003—You have to give Whole Foods Markets (WFMI) points for providing such clear disclosure on their options in the 10-K it filed last week. Unlike a lot of other companies that rely heavily on options, the large natural foods chain doesn’t try to fudge their options expenses by monkeying around with the assumptions it uses. […]

The multi-millionaire Minister…
December 22, 2003—Investors in Roto-Rooter (RRR) aren’t the only ones cleaning up in the wake of Friday’s announcement that the company plans to acquire Vitas Healthcare, a privately held hospice-care provider. The stock was up 26 percent on Friday and is up another 15 percent so far today. Indeed, Vitas’ Chairman and CEO, Hugh Westbrook, who once […]

It’s not just their food that’s fattening…
December 17, 2003—Investors in AFC Enterprises (AFCE.PK) lost big when the company announced earlier this year that its stock was being delisted from NASDAQ because of its failure to file its 2002 10-K. Since August, the stock for the company that owns and franchises Popeye’s and Church’s fried chicken restaurants, as well as Cinnabon stores, has been […]

Living large…
December 9, 2003—Casual Male (CMRG) , the retailer that focuses on the big and tall men’s market, has an interesting little disclosure in its 10-Q filed earlier today. For the past few years, it has had a consulting contract with Jewelcor Inc., a company controlled by its Chairman, Seymour Holtzman. For unspecified consulting services — the contract […]

Our lips are sealed…
November 28, 2003—When it comes to disclosing off-balance sheet arrangements, or variable interest entitities (VIEs), most companies have been going one of two routes: disclosing to their investors and placing the item back on their balance sheets, even though they’re not required to until next year, or telling investors that they’re still studying the issue. But air-conditioner […]

A mighty big allowance…
November 26, 2003—Normally, I don’t spend a lot of time looking at pink-sheet stocks. But a proxy filed yesterday by MotorCar Parts and Accessories (MPAA.PK) caught my attention because it’s a sweet old-fashioned tale of a father helping out his son — a good pre-Thanksgiving yarn. Not to mention the fact that the stock has nearly tripled […]

Life at the top…
November 5, 2003—When Mark J. O’Brien resigned as president and CEO of Pulte Homes (PHM) in July, he took home an impressive array of parting gifts. Although O’Brien,60, had worked for Pulte for 21 years, he had only been CEO since January 2001. The bounty is included in the 10-Q that Pulte filed earlier today: –A $3.2 […]

Opening up the black box…
November 3, 2003—Lots of investors love General Electric (GE) . But the company has often been criticized for having a black box when it comes to their earnings, making it hard for pros, let alone individual investors, to figure out where the money was coming from and going to. Under CEO Jeff Immelt, the company has been […]

Free lunch on Amazon?
October 27, 2003—Anyone who shops on Amazon.com (AMZN) is probably familiar with the free shipping offered for those who spend $25 or more. Amazon switched to this policy last year after unsuccessfully trying to turn shipping into a profit center. Now, it looks like the policy is paying off according to the 10-Q filed on Friday. While […]

A pre-Halloween haunting?
September 24, 2003—In 2000, two of cable set-top manufacturer Scientific-Atlanta’s (SFA) largest customers were Charter Communications (CHTR) and Adelphia Communications (ADELQ.PK) , both of which are facing a series of criminal charges and investigations by the SEC and Justice Department, not to mention shareholder lawsuits. The question now is whether those problems are likely to have any […]