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I Want To Write About Osram But SA Won't Let Me

For the past month I've been invested in a German company called Osram Licht AG (a spin-off from Siemens), which I believe has excellent prospects, and after Osram's first interim quarterly report was published on August 14th, I decided to write an article describing my research into the company, analyzing the company's progress, and explaining my rationale for investing.

Unfortunately, because Osram is a foreign company with no available ADRs yet, SA's editors wouldn't let me publish. I tried to protest, saying that since Osram is a multinational company with a market cap in the billions, it would be trading as an ADR soon enough, and it would be a waste of time to wait, not to mention that it would short-change a lot of readers who could potentially benefit from my research in the meantime.

I resubmitted my article with a note to the editors, but to no avail: "Since our rule about only covering US traded stocks stands, we appreciate your resubmitting when the stock trades as an ADR. We understand your position, but we cannot make an exception. Since Osram is the focus stock of this piece, we cannot publish, despite the mentions of Siemens and Cree. We'd, of course, be glad to consider articles discussing the investment theses of those stocks."

I don't want to publish my article on Osram as an instablog, because I believe it is one of my better ideas and I want people to see it, so instead I am writing this entry to show that I have been following Osram since its inception, and wanted to publish my article on Osram much earlier, but SA wouldn't let me.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: I am long Osram.