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US Steel (X) At Risk Of Pension Pressure

Tuesday, June 19th, 2012 US_SteelFig1

Some stocks are more dangerous than others. In an anemic economic environment, the most dangerous stocks are those with issues that are lurking behind the scenes or in footnotes.

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Barron’s Features My Analysis on DAL’s Abnormal Pension Accounting

Saturday, May 26th, 2012 Barron’s Features My Analysis on DAL’s Abnormal Pension Accounting

In his weekly column, The Trader, Vito Racanelli features my in-depth work on the funky accounting Delta Airlines’ (DAL) uses… Read more >>

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Bail Out of DAL Before the Stock Crashes

Friday, May 18th, 2012 DAL_EEvEPS

I recommend investors avoid Delta Airlines (DAL). I think the stock could see significant downward pressure as more investors realize how the company is propping up its earnings with relatively aggressive accounting for its pension and postretirement plan (“pensions”), which are already seriously underfunded.

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Buy Clorox: Management Focused On Shareholder Value

Tuesday, August 30th, 2011 Figure1_CLX

I take great pleasure in recommending investors buy Clorox (CLX) – an attractive-rated stock, not just because of its strong profitability and cheap valuation but also because of the unusually high quality and integrity of its financial reporting.

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