Friday Nov 1 WSJ has a good deal worth reading.  first off a front page article suggest that regulators will be easing Sec 404 requirements of SARBOX.  We will be studying this next fall in auditing but it is worth reading now.  At issue is also the claim that IPOs initial public offering have gone…

If you notice I am continually pointing out new designs and strategies on the Blog. For example I posted the story about two guys in Sulphur Springs Tx creating Legend Aircraft, as sideline business. My point is that for all the talk about research and development, big companies rarely come up with the truly innovative. …

Check out this article on William McGuire  at UNH.  In last Thursday’s Nov 9 WSJ page B1, these two guys finally gave back some $390 M in stock options.  This is the largest voluntary forfeiture so far but ht en consider how many he kept from the first article.  IF they are admitting to backdating…

Another reason to read the WSJ is that the major figures in policy issues often print their views on the op ed page.  Last Wed  Nov 8, see pages A22  and C 3. I will put these in the library. On A 22 the CEOS of the four major firms and Grant Thornton and BDO…

The latest white collar crime ( a felony commited without the use of deadly force) is detailed in this Fortune magazine Story.   Unlike Clyde Barrow, the criminal here, a Mr. Cox, never shot anyone but used elaborate fraud schemes to borrow against houses he never owned.  This is another example of the need for forensic…

Aparently Google liked Shona Brown’s Competing on the Edge: Strategy as a Structured Chaos , hired her as Vice President for Business Operations. It’s all here in an article brought to my attention by alert student Guadalups Barraza.  Chaos by Design  is the story of unstructured Google.  IT details how Google is generating more than…

We have recently studied the income statement in Intermed and earnings mgt in Fin State Analysis.Here is yet another case as President John Blystone  of SPW apparently  ‘set up’ investors back in 2003-4.  He predicted strong earnings growth which  doubled the stock from 30 to 60. On the way up he sold thousands of shares…

Trust me on this, if you can get plugged into a business that promotes horses, you can be showered with money.  Remember you must promote horses, do not own the horse.  I was remined of this again in the B/W article Fox Hunting San Foxes .  Yep all these fancy exec types, half are women,…

I mentioned in class and on a previous post that Radio Shack shares were 20% of their 2000 high.  After jumping up from 15 to 20, shares fell again on a third quarter loss announcement.  However what is happening there appears to be the classic formula for straightening things up and out.  Read this news…

Financial literature would have you believe that the present value of a stock is equal to the present value of its futures earnings discounted at the appropriate cost of capital rate.  As I like to point out, those adjustments to that discounted flow, tend to happen rather violently. A case in point is Austin based…