14-Oct-2016 - Analyst Summary: Today marks just under two months since Hain Celestial said it could not timely file its 10-K due to accounting issues. While some hold onto the notion that HAIN’s accounting issues will soon enough pass, they won’t. We forecast the road ahead for Hain...
Disclosure Insight - Commentary & Analysis
28-Sep-2016 - Analyst Summary: Apparently, Mallinckrodt has more SEC problems than the company has let on. For historical context, we also include the full text of a report we published on 27-May-2015, titled, “Protracted SEC Investigation of Questcor Could Haunt Mallinckrodt Investors...
27-Sep-2016 - Analyst Summary: We have warned repeatedly of undisclosed SEC probes involving each of Alcoa and its RTI International Metals unit acquired last year. They date back to Mar-2014. To access the full report, click on the PDF (only visible to subscibers who are logged-in...
27-Sep-2016 - Analyst Summary: After having made the initial disclosures regarding the non-reliance on financial statements made in May-2014, and the announcement shortly thereafter about the SEC having started a related investigation, KBR otherwise only provides cut-and-paste disclosures...
9-Sep-2016 - Analyst Summary: As Mondelez draws near the end of what’s been a protracted FCPA investigation, some may be inclined to celebrate the potential for clearing skies ahead. Not so fast, we say. Though the related investigations may end, the changes to accounting and...
8-Sep-2016 - Analyst Summary: A disclosed SEC investigation is confirmed as on-going. Even though it’s disclosed, we explain why we think it is highly unlikely Akorn’s joint SEC/US Attorney (read: criminal) probes are discounted into the shares. With cut-and-paste...
8-Sep-2016 - Analyst Summary: Sony appears to us as one of those companies that has yet to meet an SEC investigation it thinks needs to be disclosed. We found evidence of at least two sizable SEC probes that went undisclosed by this company in recent years. On those, the SEC...
30-Aug-2016 - Analyst Summary: The shares of BOFI have risen nearly 50% since an 02-Aug-2016 conference call on which the CEO gave an impassioned assurance there was no regulatory risk (The stock was $15.34 at the time). We found the CEOs’ remarks heavily qualified, and in our view...