Wednesday, September 05, 2007
Quick Alert: USNA has Retained PWC as Auditor
Now, that doesn't mean the stock is a buy. It just means the company is operating legally, as it should.
I suspect the short squeeze may continue, effectively "milking Minkow" and his stupid followers.
Auditor a doesn't issue an unqualified report, a qualified report, adverse report, nothing.
He just says, "FUCK this company, were/I'm leaving" and leaves, forcing the company has to find a new auditor.
Totally hypothetical, but I remember getting a flyonthewall tick saying XYZ co. was dropped by their auditor, and I really want to go back and see what happened PPS wise.
It's hard to say. Sometimes auditors resign for fee's, sometimes because they feel the company is criminal.
However, in a case like USNA, being that the company was under so much scrutiny, there is no way PWC would link up with them without the company being 100% clean.
As for Arthur Anderson:
Totally different culture than PWC. They had it coming to them.
That was a gov't screwing of huge proportions, and such measures should never be contemplated in a free society again.
No need to worry about the AA guys. Business was not lost, merely transfered to PWC and the others.
Anyway, the charts today look completely normal- as if this is just a pullback from near overbought conditions.
I want to see the Naz hold 2600, however.
Anyone following TEVA, ESRX, ERTS, BUD ?
Any other ideas along these lines?
BF-B or BF/B depending on which way your screen displays it.
Clothes, video games, entertainment, food. Recession? What recession?
jake--thanks on the BF'B
DEO is markedly better than brown foreman. Not even in same league of bevering.
I don't play video games, but it doesn't mean they won't sell like crazy--it's called a cycle for a reason. Cycle is impacted by economy but also the nature of the video game industry.
Plus, as no one seems to care, employment is high= money. There is no way people are gonna jump to saving all of a sudden. Until employment falters, housing itself is a wall of worry concern. Housing has been in the dumps for...MORE THAN A YEAR SINCE THE INDICES MOVED 20+% TROUGH TO TROUGH.
Did I tell you my youngest son is named Danny? He's not 2 but he copied my wife when she exclaimed "shit!" today.
I think Lawd Diego is great too, but fairly valued. I think BF-B is a bargain here... and possibly a medium term takeover play.
And there is no better brown licker than Woodford Reserve.
Outside of Kobe Bryant.
Caddy, what? You skipped over Space Invaders?
Only if I could first put something in her mouth so she couldn't talk. Uh, yeah...so I guess I can think of something to stick in there that will do nicely. (Still would prefer Becky Quick though)
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