Comments on: Corporate bully of the day: Hertz A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: simoniddings Wed, 20 Jul 2011 07:39:27 +0000 Looking at that report, I really wouldn’t blame Hertz for their mad retaliation. But the report does look worrying and it seems they had the intention of withholding these debt issues from investors and the public. Embroiling in another lawsuit is just another underhand means to drag Audit Integrity into the realms of debts with them.


By: Thomas Reynolds, Esq. Sat, 10 Oct 2009 14:25:21 +0000 I saw an Audit Integrity presentation two years ago and was impressed positively by their methodology. At the time, however, it was being touted more as a quant product that could detect the possibility of questionable accounting practices than as a metric of corporate financial health.

The main point here is that the methodologies used by the company are based upon filed financials, It seems to me as an attorney that if issuer-paid S*P and Moody’s continue to be effective in using the First Amendment as a defense for ratings that have subsequently been demonstrated to be inaccurate – and this without discosing the subjective inputs incorporated in their methodologies, then any lawsuit filed against Audit Integrity should be found to be without merit.

By: KenG Fri, 09 Oct 2009 21:29:24 +0000 Every publicly traded company lists every possible risk they can think of in their 10K reports, otherwise if their stock price declines $1, they get sued. Here is the latest risks to google:


Risks Related to Our Business and Industry

We face significant competition from Microsoft and Yahoo.

We face formidable competition in every aspect of our business, and particularly from other companies that seek to connect people with information on the web and provide them with relevant advertising. Currently, we consider our primary competitors to be Microsoft Corporation and Yahoo! Inc. Microsoft has developed features that make web search a more integrated part of its Windows operating system and other desktop software products. We expect that Microsoft will increasingly use its financial and engineering resources to compete with us. Microsoft has more employees and cash resources than we do. Also, both Microsoft and Yahoo have longer operating histories and more established relationships with customers and end users. They can use their experience and resources against us in a variety of competitive ways, including by making acquisitions, investing more aggressively in research and development and competing more aggressively for advertisers and web sites. Microsoft and Yahoo also may have a greater ability to attract and retain users than we do because they operate internet portals with a broad range of content products and services. If Microsoft or Yahoo is successful in providing similar or better web search results or more relevant advertisements, or in leveraging their platforms or products to make their web search or advertising services easier to access, we could experience a significant decline in user traffic or the size of the Google Network. Any such decline could negatively affect our revenues.

We face competition across all geographic markets from other internet companies, including web search providers, internet access providers, internet advertising companies, destination web sites, and local information providers, and from traditional media companies.

In addition to Microsoft and Yahoo, we face competition from other web search providers, including start-ups as well as developed companies that are enhancing or developing search technologies. We compete with internet advertising companies, particularly in the areas of pay-for-performance and keyword-targeted internet advertising. Also, we may compete with companies that sell products and services online because these companies, like us, are trying to attract users to their web sites to search for information about products and services. We also provide a number of online products and services, including Gmail, YouTube, and Google Docs, that compete directly with new and established companies that offer communication, information, and entertainment services integrated into their products or media properties.

We also compete with web sites that provide their own or user-generated content and provide advertising to their users. These destination web sites include those operated by internet access providers, such as cable and DSL service providers. Because our users need to access our services through internet access providers, they have direct relationships

I’m not making any judgment on Hertz, but using a company’s published risks to determine if they are going out of business isn’t really thorough analysis.

By: R Westmoreland Fri, 09 Oct 2009 20:50:02 +0000 As an investor, I share your concern about Hertz’ attempt to punish independent researchers for publishing unflattering information. I’d also be interested to read more about the Audit Integrity report that provoked the upset. Did their findings differ from other quantitative analysts? What is your opinion of their model?

By: jestyn Fri, 09 Oct 2009 20:12:55 +0000 Hertz may or may not be about to go bust, but quoting from the risk factors section of their annual report is unlikely to enlighten anyone. There’s a certain sort of lawyer who expects you to identify the risk that an asteroid might hit the earth and destroy your principal markets, and they seem to be the kind working for hertz. Meanwhile, they don’t have any discussion of the risks that might cause their revenues to reduce or costs to increase…