If you spend much time reading financial statements, the auditors’ opinions have a numbing sameness to them. Once in awhile, with a troubled company, you come across a red flag called a “going concern” statement. It means that, in the…
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Loading ...Bloomberg columnist Jonathan Weil takes a close look today at the balance sheet of Lee Enterprises, parent company of this website and of the St. Louis Post-Dispatch. He notes that Lee’s book value, $1.09 billion on Sept. 30, is almost twice…
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We hear plenty of complaints from public companies about the burdens of complying with the Sarbanes-Oxley Act. But even private companies, which are not affected by SOX, have their own gripes. Barry Melancon, chief executive of the American Institute of…
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