A Supersleuth Raises A Red Flag Over Pyxis

Howard M. Schilit likes to play detective. And his kind of game is deadly serious: ferreting out corporate trouble. An accounting professor at American University, Schilit has called attention to several cases of shenanigans that resulted in either a bankruptcy filing or a plunge in the stock price. As a result, a number of money managers and analysts have hired Schilit to undertake sleuthing of companies they have invested in--or are contemplating putting money into.

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