29-Aug-2016 - Analyst Summary: Information received just last week again confirms existence of an undisclosed SEC probe at Prospect Capital (PSEC). Along with earlier responses received from the SEC (in October & November 2015, as well as January and February 2016), this new...
Disclosure Insight - Commentary & Analysis
26-Aug-2016 - Analyst Summary: On 18-Aug-2016, AECOM filed an 8-K in response to a negative report on the company that was published by Spruce Point Capital on 15-Aug-2016. What was missing from that 8-K, and all company filings we searched back to Apr-2012, is any clear disclosure of...
27-Jul-2016 - Analyst Summary: The timing surrounding the disclosure of an SEC investigation reeks of danger. Advanced Drainage Systems has been wrestling with accounting and related woes for over a year now. This report introduces something new to consider that we don’t...
26-Jul-2016 - Analyst Summary: Yesterday, 25-Jul-2016, Mr. Brad Berning, a senior analyst with Craig-Hallum, published a research report in which he wrongly concluded that his, “SEC FOIA Request Reveals No SEC Investigation Into BOFI”. Mr. Berning’s misguided conclusion about the absence of...
13-Jul-2016 - Tesla Motors, Inc. – TSLA Confirmed, Undisclosed SEC Investigation. Analyst Summary: Through clever language and careful omission, we think Tesla is misleading investors about SEC investigative risk. On Monday, the Wall Street Journal broke a story claiming the...
30-Jun-2016 - Trinity Industries, Inc. – TRN Multiple Confirmed, Undisclosed SEC Investigations. Analyst Summary: We first learned of undisclosed SEC investigative activity at this company in Jul-2015. Data recently received now points to more than one undisclosed...
30-Jun-2016 - Varian Medical Systems, Inc. – VAR Documents Received on a Closed, Undisclosed SEC Investigation Analyst Summary: In Nov-2015, Feb-2016, and May-2016, Varian disclosed investigative activity involving a Portuguese exposure. It doesn’t sound so bad when you read...
29-Jun-2016 - comScore Inc. – SCOR SEC investigation confirmed Run fast, run far – It’s not if you are going to get more bad news from comScore, it’s when. In one of those could-of, would-of, should-of moments we all have in life from time-to-time, we had a research report already...