Monday, October 24, 2005

Weekend Follies Oct 22-23, 2006

Our Monday post usually covers publicly traded companies that release news and information at odd hours over the weekend. We are skeptical over this practice and feel that an extra dose of caveat emptor is usually required. The culprits this week are
First Bancorp NYSE FBP SEC has commenced a formal investigation
Manitowoc NYSE MTW
Cendant NYSE CD
Savient Pharmaceuticals NASDAQ SVNTE

Caveat Emptor