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John P. Gavin, CFA, is the founder and CEO of Disclosure Insight®, an independent publisher of investment research. Mr. Gavin has spent his entire career of over 25 years in the financial services industry. Prior to starting “DI” in 2000, he worked as an equity analyst and portfolio manager... More
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  • Companies With Risk of Undisclosed SEC Probes 0 comments
    Jan 3, 2012 1:20 PM | about stocks: AA, BBY, FBP, FSLR, NWS, PNK, RL, REV, SLB, STJ, WAG, YHOO

    The following is excerpted from a research report we originally published for subscribers on 16-Dec-11. It is based on data we routinely acquire from the United States Securities and Exchange Commission under the Freedom of Information Act. This particular report warns of the risk of undisclosed SEC investigative activity in the companies noted below. The full report of 16-Dec-11 is attached.

    Undisclosed SEC Investigative Activity
     
    Alcoa Inc. (AA- $8.78 Mkt. Cap.- $9.3 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 9-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 8-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    Best Buy Co. (BBY- $23.36 Mkt. Cap.- $8.5 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 15-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 5-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    First Bancorp (FBP- $3.64 Mkt. Cap.- $743.5 mm) Involvement in Previously Undisclosed SEC Investigative Activity Now Appears Over. In a letter dated 14-Sep-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 13-Dec-11, the SEC indicated it did not find any information responsive to our request, which we interpreted to mean the investigation is over.
     
    First Solar Inc. (FSLR- $31.45 Mkt. Cap.- $2.7 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 13-Oct-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 5-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    News Corp. (NWS- $17.58 Mkt. Cap.- $44.3 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 28-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 5-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    Pinnacle Entertainment Inc. (PNK- $9.11 Mkt. Cap.- $566 mm) Possible, Undisclosed SEC Investigation. In a letter dated 12-Dec-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of this date.
     
    Ralph Lauren Corp. (RL- $140.11 Mkt. Cap.- $12.9 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 3-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 8-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    Revlon Inc. (REV- $14.12 Mkt. Cap.- $825 mm) Confirmed, Undisclosed SEC Investigation. In a letter dated 13-Oct-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 5-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    Schlumberger Limited (SLB- $66.33 Mkt. Cap.- $89.0 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 14-Oct-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 7-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    St. Jude Medical Inc. (STJ- $33.60 Mkt. Cap.- $10.7 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 9-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 8-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    Walgreens Co. (WAG- $37.88 Mkt. Cap.- $6.6 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 15-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 5-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.
     
    Yahoo Inc. (YHOO- $15.16 Mkt. Cap.- $18.8 B) Confirmed, Undisclosed SEC Investigation. In a letter dated 14-Nov-11, we received information from the SEC suggesting this company was involved in unspecified SEC investigative activity. We found no disclosure of the same as of that date. In a letter dated 8-Dec-11, the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation that remains undisclosed as of this date.

    Full report here.
    Stocks: AA, BBY, FBP, FSLR, NWS, PNK, RL, REV, SLB, STJ, WAG, YHOO
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