Watchdog Transparency Blog

Watchdog Transparency Blog

In our Blog we take a critical look at public company disclosures and focus on issues surrounding transparency, reliability and accuracy. It you are looking for cheerleading, you have come to the wrong place. We rely on information from the best sources available to gain insight into companies and make predictions about what will happen in the future. Nothing in business is certain, so sometimes we will be wrong, but we will always be an independent voice telling you the truth as we see it. We offer Retail Investors our Research Reports for Free.

Articles

Articles

Kraft Heinz: Complaint Alleges Fundamental Corporate Governance Problems, Accounting Shenanigans, and Insider Trading


Posted on

Kraft Heinz (KHC) announced a massive $15.4 billion impairment in February, 2019 to its goodwill and intangible assets. This impairment was essentially an admission by management major components of the combined company were worth billions less than recorded on the balance sheet. It was also an admission that 3G Capital (3G) and Warren Buffett’s much touted merger of Kraft and Heinz was a failure. In the aftermath, Warren Buffett admitted that he had overpaid for his 27% of combined company.

KHC’s impairment crushed share prices and has led to lawsuits, rapid executive bloodletting, an SEC investigation, and other deleterious events. We wrote about the KHC bus-crash last September and argued that KHC’s core problem was a loss of investor trust and a poor management ethos.

Posted in

New Research: Gray Swan Event Factor is Predictive of Stock Return


Posted on

Joseph Burke PhD. and Joseph Yarbrough PhD, have produced two white papers for Watchdog Research that show that companies with higher Gray Swan Event Factors have a lower return on investment. This is because accounting-related risks are not properly priced into the market, potentially giving investors who use this valuable tool an edge over the broader market.

Posted in

We Few, We Happy Few, We Late Filers


Posted on

In this post we look at the large accelerated filers who have not filed their 10-Qs yet due to the coronavirus. These companies are outliers, with only 27 active filers delaying quarterly reports out of a population of nearly 600. We have already expressed concerns about the SEC allowing companies to be less transparent during such a critical time, and these concerns were not allayed by our research for this post. We will look at some broader trends and highlight a few egregious examples.

Posted in

What Can We Learn From Late Quarterly Filings During the Coronavirus?


Posted on

To protect the elderly and immunocompromised, federal and state officials have locked down society to flatten the rate of infections. An unfortunate byproduct of these shut-downs has been the destruction of large swaths of the economy and skyrocketing unemployment. To relieve some of the financial pressure these lockdowns have put on businesses, federal and state officials have tried different measures intended to aid businesses. For its part, the SEC has permitted companies affected by the coronavirus to delay their annual and quarterly statements that would normally be due from March 31st-July 1st.

Posted in

Featuring a New “SEC Oversight” Flag in our Watchdog Reports


Posted on

In our last post we compared the relative risks of investing in China and many other countries, including the U.S. We used our Gray Swan Event Factor, which weighs the impact of a host of different kinds of adverse events like restatements, disclosures of material weaknesses, turmoil at the C-suite level, mergers, etc.… We also track these events and flag them in our Watchdog Research reports (which are free to retail investors, reporters, and curious souls).

Posted in

Is it Safer to Invest in China or the U.S.?


Posted on

The China based coffee company Luckin disclosed a massive fraud on April 2nd, and only five days later, another China based company TAL Education, announced that one its employees had been arrested for fabricating sales. A decade ago, a wave of Chinese companies were exposed as frauds, which damaged China’s reputation. The confluence of Luckin’s fraud with news that the Chinese lied about coronavirus has damaged China’s reputation once again as many people have come to believe that investing in Chinese companies is too risky.

Posted in

BorgWarner Wants to Dump Delphi. Will Delphi’s Resistance be Futile?


Posted on

With the coronavirus shutting down entire industries and raising the possibility of an extended recession, pending mergers are in peril, and mergers overall will become disfavored as companies lose their appetite for risk.

Posted in
Total articles: 42(page 1 of 6 with 7 articles)
Watchdog Transparency Blog

Watchdog Transparency Blog

In our Blog we take a critical look at public company disclosures and focus on issues surrounding transparency, reliability and accuracy. It you are looking for cheerleading, you have come to the wrong place. We rely on information from the best sources available to gain insight into companies and make predictions about what will happen in the future. Nothing in business is certain, so sometimes we will be wrong, but we will always be an independent voice telling you the truth as we see it. We offer Retail Investors our Research Reports for Free.

Articles

Articles

Kraft Heinz: Complaint Alleges Fundamental Corporate Governance Problems, Accounting Shenanigans, and Insider Trading


Posted on

Kraft Heinz (KHC) announced a massive $15.4 billion impairment in February, 2019 to its goodwill and intangible assets. This impairment was essentially an admission by management major components of the combined company were worth billions less than recorded on the balance sheet. It was also an admission that 3G Capital (3G) and Warren Buffett’s much touted merger of Kraft and Heinz was a failure. In the aftermath, Warren Buffett admitted that he had overpaid for his 27% of combined company.

KHC’s impairment crushed share prices and has led to lawsuits, rapid executive bloodletting, an SEC investigation, and other deleterious events. We wrote about the KHC bus-crash last September and argued that KHC’s core problem was a loss of investor trust and a poor management ethos.

Posted in

New Research: Gray Swan Event Factor is Predictive of Stock Return


Posted on

Joseph Burke PhD. and Joseph Yarbrough PhD, have produced two white papers for Watchdog Research that show that companies with higher Gray Swan Event Factors have a lower return on investment. This is because accounting-related risks are not properly priced into the market, potentially giving investors who use this valuable tool an edge over the broader market.

Posted in

We Few, We Happy Few, We Late Filers


Posted on

In this post we look at the large accelerated filers who have not filed their 10-Qs yet due to the coronavirus. These companies are outliers, with only 27 active filers delaying quarterly reports out of a population of nearly 600. We have already expressed concerns about the SEC allowing companies to be less transparent during such a critical time, and these concerns were not allayed by our research for this post. We will look at some broader trends and highlight a few egregious examples.

Posted in

What Can We Learn From Late Quarterly Filings During the Coronavirus?


Posted on

To protect the elderly and immunocompromised, federal and state officials have locked down society to flatten the rate of infections. An unfortunate byproduct of these shut-downs has been the destruction of large swaths of the economy and skyrocketing unemployment. To relieve some of the financial pressure these lockdowns have put on businesses, federal and state officials have tried different measures intended to aid businesses. For its part, the SEC has permitted companies affected by the coronavirus to delay their annual and quarterly statements that would normally be due from March 31st-July 1st.

Posted in

Featuring a New “SEC Oversight” Flag in our Watchdog Reports


Posted on

In our last post we compared the relative risks of investing in China and many other countries, including the U.S. We used our Gray Swan Event Factor, which weighs the impact of a host of different kinds of adverse events like restatements, disclosures of material weaknesses, turmoil at the C-suite level, mergers, etc.… We also track these events and flag them in our Watchdog Research reports (which are free to retail investors, reporters, and curious souls).

Posted in

Is it Safer to Invest in China or the U.S.?


Posted on

The China based coffee company Luckin disclosed a massive fraud on April 2nd, and only five days later, another China based company TAL Education, announced that one its employees had been arrested for fabricating sales. A decade ago, a wave of Chinese companies were exposed as frauds, which damaged China’s reputation. The confluence of Luckin’s fraud with news that the Chinese lied about coronavirus has damaged China’s reputation once again as many people have come to believe that investing in Chinese companies is too risky.

Posted in

BorgWarner Wants to Dump Delphi. Will Delphi’s Resistance be Futile?


Posted on

With the coronavirus shutting down entire industries and raising the possibility of an extended recession, pending mergers are in peril, and mergers overall will become disfavored as companies lose their appetite for risk.

Posted in
Total articles: 42(page 1 of 6 with 7 articles)
Watchdog Transparency Blog

Watchdog Transparency Blog

In our Blog we take a critical look at public company disclosures and focus on issues surrounding transparency, reliability and accuracy. It you are looking for cheerleading, you have come to the wrong place. We rely on information from the best sources available to gain insight into companies and make predictions about what will happen in the future. Nothing in business is certain, so sometimes we will be wrong, but we will always be an independent voice telling you the truth as we see it. We offer Retail Investors our Research Reports for Free.

Articles

Articles

Kraft Heinz: Complaint Alleges Fundamental Corporate Governance Problems, Accounting Shenanigans, and Insider Trading


Posted on

Kraft Heinz (KHC) announced a massive $15.4 billion impairment in February, 2019 to its goodwill and intangible assets. This impairment was essentially an admission by management major components of the combined company were worth billions less than recorded on the balance sheet. It was also an admission that 3G Capital (3G) and Warren Buffett’s much touted merger of Kraft and Heinz was a failure. In the aftermath, Warren Buffett admitted that he had overpaid for his 27% of combined company.

KHC’s impairment crushed share prices and has led to lawsuits, rapid executive bloodletting, an SEC investigation, and other deleterious events. We wrote about the KHC bus-crash last September and argued that KHC’s core problem was a loss of investor trust and a poor management ethos.

Posted in

New Research: Gray Swan Event Factor is Predictive of Stock Return


Posted on

Joseph Burke PhD. and Joseph Yarbrough PhD, have produced two white papers for Watchdog Research that show that companies with higher Gray Swan Event Factors have a lower return on investment. This is because accounting-related risks are not properly priced into the market, potentially giving investors who use this valuable tool an edge over the broader market.

Posted in

We Few, We Happy Few, We Late Filers


Posted on

In this post we look at the large accelerated filers who have not filed their 10-Qs yet due to the coronavirus. These companies are outliers, with only 27 active filers delaying quarterly reports out of a population of nearly 600. We have already expressed concerns about the SEC allowing companies to be less transparent during such a critical time, and these concerns were not allayed by our research for this post. We will look at some broader trends and highlight a few egregious examples.

Posted in

What Can We Learn From Late Quarterly Filings During the Coronavirus?


Posted on

To protect the elderly and immunocompromised, federal and state officials have locked down society to flatten the rate of infections. An unfortunate byproduct of these shut-downs has been the destruction of large swaths of the economy and skyrocketing unemployment. To relieve some of the financial pressure these lockdowns have put on businesses, federal and state officials have tried different measures intended to aid businesses. For its part, the SEC has permitted companies affected by the coronavirus to delay their annual and quarterly statements that would normally be due from March 31st-July 1st.

Posted in

Featuring a New “SEC Oversight” Flag in our Watchdog Reports


Posted on

In our last post we compared the relative risks of investing in China and many other countries, including the U.S. We used our Gray Swan Event Factor, which weighs the impact of a host of different kinds of adverse events like restatements, disclosures of material weaknesses, turmoil at the C-suite level, mergers, etc.… We also track these events and flag them in our Watchdog Research reports (which are free to retail investors, reporters, and curious souls).

Posted in

Is it Safer to Invest in China or the U.S.?


Posted on

The China based coffee company Luckin disclosed a massive fraud on April 2nd, and only five days later, another China based company TAL Education, announced that one its employees had been arrested for fabricating sales. A decade ago, a wave of Chinese companies were exposed as frauds, which damaged China’s reputation. The confluence of Luckin’s fraud with news that the Chinese lied about coronavirus has damaged China’s reputation once again as many people have come to believe that investing in Chinese companies is too risky.

Posted in

BorgWarner Wants to Dump Delphi. Will Delphi’s Resistance be Futile?


Posted on

With the coronavirus shutting down entire industries and raising the possibility of an extended recession, pending mergers are in peril, and mergers overall will become disfavored as companies lose their appetite for risk.

Posted in
Total articles: 42(page 1 of 6 with 7 articles)
Watchdog Transparency Blog

Watchdog Transparency Blog

In our Blog we take a critical look at public company disclosures and focus on issues surrounding transparency, reliability and accuracy. It you are looking for cheerleading, you have come to the wrong place. We rely on information from the best sources available to gain insight into companies and make predictions about what will happen in the future. Nothing in business is certain, so sometimes we will be wrong, but we will always be an independent voice telling you the truth as we see it. We offer Retail Investors our Research Reports for Free.

Articles

Articles

Kraft Heinz: Complaint Alleges Fundamental Corporate Governance Problems, Accounting Shenanigans, and Insider Trading


Posted on

Kraft Heinz (KHC) announced a massive $15.4 billion impairment in February, 2019 to its goodwill and intangible assets. This impairment was essentially an admission by management major components of the combined company were worth billions less than recorded on the balance sheet. It was also an admission that 3G Capital (3G) and Warren Buffett’s much touted merger of Kraft and Heinz was a failure. In the aftermath, Warren Buffett admitted that he had overpaid for his 27% of combined company.

KHC’s impairment crushed share prices and has led to lawsuits, rapid executive bloodletting, an SEC investigation, and other deleterious events. We wrote about the KHC bus-crash last September and argued that KHC’s core problem was a loss of investor trust and a poor management ethos.

Posted in

New Research: Gray Swan Event Factor is Predictive of Stock Return


Posted on

Joseph Burke PhD. and Joseph Yarbrough PhD, have produced two white papers for Watchdog Research that show that companies with higher Gray Swan Event Factors have a lower return on investment. This is because accounting-related risks are not properly priced into the market, potentially giving investors who use this valuable tool an edge over the broader market.

Posted in

We Few, We Happy Few, We Late Filers


Posted on

In this post we look at the large accelerated filers who have not filed their 10-Qs yet due to the coronavirus. These companies are outliers, with only 27 active filers delaying quarterly reports out of a population of nearly 600. We have already expressed concerns about the SEC allowing companies to be less transparent during such a critical time, and these concerns were not allayed by our research for this post. We will look at some broader trends and highlight a few egregious examples.

Posted in

What Can We Learn From Late Quarterly Filings During the Coronavirus?


Posted on

To protect the elderly and immunocompromised, federal and state officials have locked down society to flatten the rate of infections. An unfortunate byproduct of these shut-downs has been the destruction of large swaths of the economy and skyrocketing unemployment. To relieve some of the financial pressure these lockdowns have put on businesses, federal and state officials have tried different measures intended to aid businesses. For its part, the SEC has permitted companies affected by the coronavirus to delay their annual and quarterly statements that would normally be due from March 31st-July 1st.

Posted in

Featuring a New “SEC Oversight” Flag in our Watchdog Reports


Posted on

In our last post we compared the relative risks of investing in China and many other countries, including the U.S. We used our Gray Swan Event Factor, which weighs the impact of a host of different kinds of adverse events like restatements, disclosures of material weaknesses, turmoil at the C-suite level, mergers, etc.… We also track these events and flag them in our Watchdog Research reports (which are free to retail investors, reporters, and curious souls).

Posted in

Is it Safer to Invest in China or the U.S.?


Posted on

The China based coffee company Luckin disclosed a massive fraud on April 2nd, and only five days later, another China based company TAL Education, announced that one its employees had been arrested for fabricating sales. A decade ago, a wave of Chinese companies were exposed as frauds, which damaged China’s reputation. The confluence of Luckin’s fraud with news that the Chinese lied about coronavirus has damaged China’s reputation once again as many people have come to believe that investing in Chinese companies is too risky.

Posted in

BorgWarner Wants to Dump Delphi. Will Delphi’s Resistance be Futile?


Posted on

With the coronavirus shutting down entire industries and raising the possibility of an extended recession, pending mergers are in peril, and mergers overall will become disfavored as companies lose their appetite for risk.

Posted in
Total articles: 42(page 1 of 6 with 7 articles)

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Watchdog Transparency is a publication based on reports created by Watchdog Research, Inc.
Watchdog Research, Inc. is a financial research company providing due diligence information on public companies.

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