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.
Saturday, July 08, 2006
Dominion Homes Bad Sales But Full Financials in Several Weeks
Dominion Homes, Inc. (NASDAQ:DHOM) reported home sales, deliveries and backlog for the three months ended June 30, 2006. Of course they numbers stink. They even went so far as to sell and then lease back some model homes. The company reported difficult sales promising to report financials August 3rd. Can you see the train wreck coming? Is this disclosure?