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.
Monday, June 05, 2006
Golf Galaxy Mulligan
Golf Galaxy (Nasdaq:GGXY) pulls its registration for a follow up offering to issue more common shares and allow certain holders/insiders to sell out and or liquidate. The stock price has dropped since the offer was made May 3. Money talks and BS walks. Is Golf Galaxy in the sand trap or was it just a bad hole and should be forgotten. The gallery will be closely scrutinizing this one as it seems weak. Now management needs to pull something off that gets the shareholders excited again.