Weekend Follies Sep 16-17

The following companies release information at oddball 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. The culprits are: Stewart Enterprises (Nasdaq:STEI) released deteriorating Q3 results, Freescale Semiconductor (NYSE:FSL) approved a takeover offer but is allowed to solicit other bids. The bid is huge and there are questions as to if it can be trumped. Avalon Bay (NYSE:AVB) and Nara Bancorp (Nasdaq:NARA) both declare dividends when no one is looking. Novelis (NYSE:NVL) swings to a loss for Q1 with a much delayed filing that no one is proud of. Mentor (NYSE:MNT) reports that they have re-elected their board and passed all resolutions. I suppose if you were at the AGM you would know this. If not here is a late press release. Rotonics (AMEX:RMI) strangely enough released good information. You have to wonder if they want to be noticed or what?