In the acquisition arena, restructuring has been raised to an art form: Managements now frequently use mergers to dishonestly rearrange the value of...

Earnings can be as pliable as putty when a charlatan heads the company reporting them. Eventually truth will surface, but in the meantime a lot of...

Our favorite way to get paid is to find companies with below-normal margins for reasons that are fixable and in their control, and to which the market...

Examine the record of, say, the 200 highest earning companies from 1970 to 1980 and tabulate how many have increased per-share earnings by 15%...

The distortion du jour is the "restructuring charge," an accounting entry that can, of course, be legitimate but that too often is a device for...

In recent years, probity has eroded. Many major corporations still play things straight, but a significant and growing number of otherwise high-grade...

A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies when the stock...

All you need is to look over the earnings forecasts publicly made a year ago to see how much care you need to give to those being made now for next...

Investors

We have identified several factors which we believe contributed to our sales shortfall last quarter, and we are taking strong steps to remedy them...