Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, March 08, 2006
Walmart Sneaks it Out (NYSE:WMT)
Wal-Mart sneaks it out. On March 7 Wal-Mart sends an end of day SEC alert announcing the new Board of Directors Compensation plan. Unlike their retail strategy they are not going cheap. So far no press release. For a company who knows how to market and sell stuff this announcement is taking the quiet route. Corporate governance can make and break companies. Being more forth coming would show confidence. Sneaking around the technicalities indicates fear and weakness.