by Calculated Risk on 7/10/2009 10:54:00 AM
Friday, July 10, 2009
"Substantial Doubt" Initial Filings
SEC data guy brings us some interesting data on SEC filings with companies expressing: "Substantial Doubt"
Below is a graph that shows the total number of distinct entities filing a 10-K or 10-Q over time. It also shows the number of distinct entities expressing "substantial doubt" for the first time in one of those filings
Note: Left scale doesn't start at zero, and the right scale is a 4 quarter average.
These are just initial expressions of "substantial doubt".
On a cumulative basis, a stunning number of filers are expressing concerns (more to come on this). For details, see SEC data guy's post.