If you have ever tried to learn about a company using their public documents...such as a company annual report or proxy statement...you know that even companies that try to issue plain English documents about themselves are often dense and unreadable.
And if you have ever mentally wrestled with company documents found on the U.S. Securities and Exchange Commission or EdgarrOnline, you really know what I am talking about. Unfortunately, so many of these documents are dense, obtuse, confusing, legalistic drek on purpose to confuse and confound investors.
Fortunately, Michelle Leder has created a blog www.footnoted.org to help you sort the wheat from the chaff, or at least the dishonest from the honest. She holds a magnifying glass up the statements of corporate officers and their practices by comparing those statements with their numbers as shown in their public documents. She posts her findings and saves you hours and hours of time wasted searching for the hidden truth in corporate financial statements. Visit www.footnoted.org and enter search your favorite stock.
When I en terned my favorite stock ENER in the footnoted search, here is the pithy and insightful comment that displayed under the heading No conservation here:
Energy Conversion Devices (ENER) , a company whose technology is being used in the hugely popular Toyota Prius isn�t being particularly conservative when it comes to handing out options to its top executives. According to the recently filed proxy, three executives, primarily co-founders Stanford and Iris Ovshinsky, walked away with more than 85% of all stock options granted to employees last year. That doesn�t leave much left over for the company�s other 500-odd employees. As the Wall Street Journal pointed out two weeks ago, the stock has been on quite a run lately, climbing nearly 80% since the beginning of the year.
That's OK. Ovonics is still a great company and a great investment. Among other things, they make solar shingles for a roof, which were featured on HGTV.
I Want That! : Episode HIWT-203 -- More Projects �
Install Uni-Solar's solar photovoltaic shingles and you can generate power (and maybe cash!) on the roof of your house. One of the obstacles to solar power for the home has been the installation of large unsightly panels on the roof. Solar shingles install like traditional asphalt shingles, but hook them into your home's electrical system and suddenly you�re running on solar power. Cut your electricity bill, maybe all the way to zero.
Solar Photovoltaic Shingles: United Solar Ovonic LLC