As Multimedia Games, Inc. (NASDAQ: MGAM, $40.34) itself has been forced to disclose in its form 10-Q for the quarter ended December 31, 2003 in Management’s Discussion and Analysis, “if the rules and regulations governing […]
On February 12, 2004 Prudential Equity Group, LLC issued a report on Multimedia Games, Inc. (NASDAQ: MGAM, $40.01) titled, “Contrary to Popular Belief.” The Prudential report states that there is a “grave misperception” about whether […]
Today Odyssey Healthcare, Inc. (NASDAQ: ODSY, $20.32) traded at prices 30% below yesterday’s high, despite announcing a 48% increase in net income. Investors in Medicare stocks (or readers of Barron’s Roundtable who were told about […]
Asensio & Company, Inc. reiterates its Strong Sell and Short Sell opinion on shares of PolyMedica Corporation’s publicly traded common stock (NASDAQ: PLMD, $25.75). Our latest research report issued today is available at www.asensio.com. The […]
During its earnings call last week, PolyMedica Corporation (NASDAQ: PLMD, $25.75) estimated that it had wrongfully billed Medicare for $17.7 million of supplies without the required doctors’ orders. PolyMedica’s estimate was created using a sample […]
Yesterday The Stewart News reported that PolyMedica Corporation (NASDAQ: PLMD, $26.15) had terminated 25 employees of its Liberty Medical Supply subsidiary. This comes ten days after the announcement of the unexpected immediate resignation of Liberty’s […]
Yesterday PolyMedica Corporation (NASDAQ: PLMD, $26.62) announced that Stephen C. Farrell was named President of Liberty Healthcare Group to replace W. Keith Trowbridge who resigned effective immediately. Prior to his employment at PolyMedica, Mr. Trowbridge […]
Yesterday Multimedia Games, Inc. (NASDAQ: MGAM, $41.23) announced that it had converted 267 of its 397 Class II player stations at the Pechanga Resort and Casino into Point-of-Sale Terminals for a Class III Tribal Instant […]
Freddie Mac’s Misstep 1 – New York Post
On November 21, 2003 the U.S. Department of Justice (“DOJ”) filed two appeals before the U.S. Supreme Court (“Court”). On November 24, 2003 Clifton E. Lind, President and Chief Executive Officer of Multimedia Games, Inc. […]
Manuel Asensio… is not shy in critiquing stocks he rates overpriced. Emily Lambert, Forbes
As Clear As – Forbes Magazine
On November 13, 2003 ParkerVision, Inc. (NASDAQ: PRKR, $8.90) announced the private placement of 2.3 million newly issued shares of common stock for an aggregate purchase price of approximately $20.2 million. In the press release […]
The Seidler Companies has published a calculation of Multimedia Games, Inc.’s (NASDAQ: MGAM, $38.64) potential annual gross earnings at Casino San Pablo, which is located on Indian land 20 miles from downtown San Francisco, of […]
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On October 5, 2003 the National Indian Gaming Commission (“NIGC”) issued a memorandum to Oklahoma Tribal Leaders and Gaming Commissioners advising the tribes to promptly remove or modify electronic bingo machines that do not conform […]
Philip N. Hogen, Chairman of the National Indian Gaming Commission (“NIGC”), has disclosed that Multimedia Games, Inc.’s (NASDAQ: MGAM, $38.30) existing Reel Time Bingo games do not meet the NIGC’s Class II requirements and can […]
Multimedia Games, Inc. (NASDAQ: MGAM, $37.63) did not obtain a National Indian Gaming Commission (“NIGC”) Class II Advisory Opinion for the Reel Time Bingo game it is playing in Indian Country. Meanwhile, Sierra Design Group, […]
Asensio & Company, Inc. initiates coverage of Multimedia Games, Inc. (NASDAQ: MGAM, $37.63) with a Strong Sell and Short Sell opinion. A summary of the basis of our opinion is found in the last paragraph […]
PolyMedica Corporation’s (NASDAQ Symbol: PLMD, Price: $52.80) stock promoters have managed to expand its price earnings ratio from 4 times trailing earnings (when the 2001 FBI raid occurred) to 8 times trailing earnings (in January […]
Last week investors bid PolyMedica Corporation’s (NASDAQ: PLMD, $52.00) shares up as high as 29.5% above the prior week’s close after the company announced that it would continue to capitalize its advertising expenses. Earlier PolyMedica […]
A Barron’s ONLINE story recently asked “Are AVID Shares Due for a Cut?” The story quotes Jonathan Moreland of InsiderInsights.com as saying that Avid Technology, Inc.’s (“AVID”) (NASDAQ Symbol: AVID) insider selling “screams that AVID […]
On2 Technologies, Inc. (AMEX: ONT) is a penny-stock company whose stock has recently risen from $0.74 to a high of $4.50 per share between June 23, 2003 and July 10, 2003. The stock currently trades […]
Today PolyMedica disclosed in its form 10-K for its fiscal year ended March 31, 2003: Note U. Subsequent Events: “For several months, we have been discussing the appropriateness of this practice [capitalizing direct-response advertising costs] […]
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Short-sellers Asensio and Chanos are Men to Beat in Bear Market – Bloomberg
Short-Sellers Asensio and Chanos Are Men to Beat in Bear Market 2003-05-30 00:08 (New York) May 30 (Bloomberg) — Manuel Asensio, a self-described hostile, adversarial short-seller,” went on trial for defamation in Philadelphia last year […]
In a May 2, 2003 Reuters article about Wall Street’s settlement, Herbert Denton is quoted and identified as a “shareholder activist.” Mr. Denton is the Chairman of the Oversight Committee of PolyMedica Corporation. PolyMedica is […]
According to a Schedule 13G filed with the SEC, Banca del Gottardo (“Gottardo”) has beneficially owned 22.5% of ParkerVision, Inc. since 1996 and never disclosed its holdings to the public or ParkerVision’s own shareholders until […]
Yesterday Black Box Corporation (NASDAQ: BBOX, $26.78) closed down 32% from Tuesday’s closing stock price. Yesterday’s drop may seem like a harsh reaction to a Black Box press release that includes a statement that Black […]
Manuel Asensio, another well known short-seller, wrote a book a couple of years ago titled Sold Short in which he relates many episodes in which his quest to make money on the short side uncovered […]
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