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.
Thursday, May 18, 2006
Topps Full Value Committee Files Prelim Proxy
Topps Full Value Committee has filed a preliminary proxy with the SEC seeking to elect their nominees to the Board. The committee in conjunction with Pembridge Value and Crescendo Partners owns approximately 5.8% of the common stock. The shareholder activists are disappointed with management results and declining share price of Topps (Nasdaq:TOPP) over the past five years. This could be a messy one.