Seeking Alpha

James McRitchie

James McRitchie
Send Message
View as an RSS Feed
View James McRitchie's Comments BY TICKER:
Latest  |  Highest rated
  • Reeds reports FY'14 results [View news story]
    I see three of the directors at Reeds own very little stock in our company (two own no stock). That seems like a very bad sign.
    Mar 26, 2015. 05:20 PM | 1 Like Like |Link to Comment
  • Costco loses fish import license in Canada [View news story]
    "after Costco violated regulations several times over the last couple of years." Doesn't Costco have a system in place to ensure they aren't violating the law... especially when warned several times? I thought Costco was better managed than that!
    Mar 17, 2015. 12:31 PM | Likes Like |Link to Comment
  • Whole Foods postpones annual meeting, citing SEC [View news story]

    Here is is.
    Feb 13, 2015. 10:20 PM | Likes Like |Link to Comment
  • Whole Foods postpones annual meeting, citing SEC [View news story]
    I had hoped that after listening to the SEC-IAC meeting on February 12th (the portion on proxy access) this week, they would have decided to move forward, perhaps even endorse my proposal.

    Joseph Carcello, who heads the University of Tennessee Corporate Governance Center, characterized the initial Whole Foods proposal as “not in good faith.” Zach Oleksiuk of BlackRock said they would vote against directors at companies that keep proxy access proposals off their proxies because of a company’s own interpretation of (i)(9).

    Darla Stuckey, with the Society of Corporate Secretaries, said her members support the right of shareholders to aggregate for purposes of nominating directors (counter to WFM’s position of limiting access to a single shareholder). She said that none of her members are likely to litigate and most will not exclude proposals under (i)(9).

    Mike Garland of the New York City Comptroller’s office tore into several features of the 3,000 word proxy access proposal that Whole Foods included in its preliminary proxy.

    Whole Foods is at risk of becoming a corporate governance pariah. I certainly do not want that. Our company should be a shining example, not only in offering quality whole foods to the public and by being one of the best places to work, but it should also be recognized as a guardian of shareholder rights to minimize the need for government intervention in corporate governance.

    Punting may be a good thing. I hope Whole Foods will take whatever time it needs to properly weigh the alternatives. If they do, I believe they will decide to include my proxy access proposal. Let shareowners have a voice; we are not outsiders – we are a key part of the Whole Foods Market community.
    Feb 13, 2015. 05:48 PM | 2 Likes Like |Link to Comment
  • Whole Foods Market Delivers Record Q1 Sales and EPS [View article]
    Decent performance at $WFM. Why is Whole Foods so afraid of proxy access? Shouldn't shareholders be able to place a couple of director nominees on the proxy? Where is the accountability?
    Feb 11, 2015. 04:16 PM | Likes Like |Link to Comment
  • Icahn publishes new Apple letter; shares near $125 [View news story]
    Whatever you think of @Carl_C_Icahn, Aople's 1/28 8-K showed 1.11% return on cash position = to 26% of stock's market value. Pension fiduciaries have an obligation to see that funds are invested in the interest of beneficiaries.

    Whatever Apple cannot reinvest with the expectation of outperforming the equity market averages should be returned to shareholders in dividends or buybacks.

    Frankly, with a more imaginative board, they should be able to invest and outperform. Support proxy access at the annual meeting. #corpgov
    Feb 11, 2015. 03:32 PM | Likes Like |Link to Comment
  • CSP's (CSPI) CEO Victor Dellovo on Q1 2015 Results - Earnings Call Transcript [View article]
    Unbelievable that shareholders failed to pass proxy access in order to place their own director nominees on the proxy.

    I'll be back next year and will follow template endorsed by proxy advisors.
    Feb 11, 2015. 02:24 PM | Likes Like |Link to Comment
  • CSP reports FQ1 earnings [View news story]
    Unbelievable that shareholder failed to pass proxy access in order to place their own director nominees on the proxy. I'll be back next year and will follow template endorsed by proxy advisors.
    Feb 11, 2015. 09:43 AM | Likes Like |Link to Comment
  • Reed's Inc.: Future Beverage Giant [View article]
    Excellent analysis. Fantastic potential here. Additional risks are staff turnover (e.g. CFO) and board that is not fully committed and involved. Officer changes and late SEC filings are often indicative of problems, as is lack of ownership by directors who are paid next to nothing. (They have limited incentive to contribute other than loyalty and friendship with Chris Reed... but we need directors that make independent contributions.) See my analysis of corporate governance issues at
    Nov 6, 2014. 01:44 PM | 2 Likes Like |Link to Comment
  • Tesla Motors loses battle in Michigan [View news story]
    All buggy whips in MI must be sold only through authorized dealers.
    Oct 21, 2014. 03:07 PM | 7 Likes Like |Link to Comment
  • Tesla to build charging station network in China [View news story]
    So, out of 400 charging stations, they will build only 20 that are specific to Tesla -- meaning they can charge 1/2 power in 20 minutes, while the other stations will take hours to do the same? Is this a plot by Nissan?
    Aug 29, 2014. 09:05 AM | 1 Like Like |Link to Comment
  • ACTC completes 1:100 reverse split [View news story]
    Increased visibility due to uplisting will help the stock price. Of course, deliverables are even more critical.
    Aug 27, 2014. 06:55 PM | Likes Like |Link to Comment
  • Tesla Motors' Model X To Be Far More Successful Than Model S [View article]
    Yes, this PALO ALTO, CA firm will sell a lot of the Model X SUVs.
    Aug 8, 2014. 04:42 PM | 5 Likes Like |Link to Comment
  • Gilead to price Sovaldi at $900 in India [View news story]
    Zeus2012 - I think you have it right. US insurance companies should just pay to send patients to India for their course of treatment. Airfare, five star hotel and meals + $900 is still a long way from $84,000. As a GILD shareowner, I think we can expect the price to be coming down here as well.
    Aug 8, 2014. 11:34 AM | 4 Likes Like |Link to Comment
  • Apple roundup: Chinese government, schools, UBS estimates [View news story]
    My niece just bought a great little Chromebook for college. The cost of $160 was a far better investment for her education than $500+ for an iPad. While the iPad is great for browsing the web or reading a book, her Chromebook is much more functional for the work she needs to do.
    Aug 6, 2014. 07:20 PM | 3 Likes Like |Link to Comment