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, September 27, 2006
KFx Name Change
Asensio continues to stay on the KFx (KFX) case noting senior executive and board changes. All changes seem to be sudden and unannounced. KFx also has announced a name change as they attempt to shake off negative PR. Watch for the financial equivalent of rebranding to kick off shortly. The new name “Evergreen Energy” is suspiciously environmentally correct sounding. If the rebranding does not work, watch for the stock to continue a downward spiral.