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, June 10, 2009
Nathans- Too Famous To Discussion
Nathans Famous (NASDAQ:NATH) reported results representing Nathan’s sixth consecutive year of increased revenues and profits from continuing operations. I know it’s a very small company. Market cap approximately $80 million. But all the press release dealt with was some elevator analysis of the financials and then a few words about the stock buy back program. No critical evaluation of operating results was provided. Looks to me that management is just there for the short term share maximization, issue some stock options, exercise stock options and then pump it up again.