Saturday, March 18, 2006

We file it hoping you don't read it

What is the best thing that has happened to investors lately ? If you guessed SEC or Spitzer you would be wrong.

Check out footnoted.org, a blog dedicated to ferreting out details from SEC filings that companies desperately hope that you and I don't find out about.

Michelle Leder has done a great service to investors by digging up outrageous stuff. What can you do as an investor ? First, don't forget to send a thank you note to Michelle. Try making a donation to support footnoted.

Read footnoted regularly. When you read something that makes you angry/disgusted, write or call Investor Relations at the target firm, and give them a piece of your mind. Most firms' websites have a IR number/email on the Investors pages.

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