Monday, July 31, 2006

Weekend Follies July 29-30

The following stocks release information at odd-ball hours over the weekend when investors are typically not looking at their screens. Basically they are sneaking news out and hoping to call it disclosure.

Teletouch Communications, Inc. (AMEX:TLL), announced that the Company will restate interim financial statements for fiscal year 2006 second and third quarters ended November 30, 2005 and February 28, 2006. Embarrassing events so you need to sneak it out when no one is looking.

Camco Financial Corporation (Nasdaq:CAFI) reported net earnings for the quarter ended June 30, 2006 of $1.82 million or $.24 per share as compared with net earnings of $2.04 million or $.27 per share for the same quarter in 2005. This clearly is a drop and they wish to under-emphasize.