Weekend Follies Oct 28

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:

ESS Technology (Nasdaq:ESST) reported poor results, announced that they are reorganizing and that they are in discussions with a variety of entities but have nothing to report. Sounds like this company has nothing to offer but heartburn.

GATX (NYSE:GMT) declared a dividend after the market closed. Made the point that the dividend is unchanged and then went home without any further comment.

Lawson Products (Nasdaq:LAWS) announced increased sales but lower operating income. They are incurring costs as they terminate independent representatives. If there is a change they should have identified the total probable cost and reserved for it once. Investors need not die the death of a thousand cuts. The press release did not provide any adequate explanation or discussion about operations.