Monday, September 25, 2006

Weekend Follies Sep 23-24

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:

Adept (ADEP) which has reported preliminary financials but will not be filing a 10Q because they have discovered accounting abnormalities.

Reliant Energy (RRI) has created a credit enhanced retail structure with Merrill Lynch and chose Sunday afternoon to tell everyone about it.