March 23, 2006
Stock to Watch — EDGAR Online (EDGR)
EDGR moved to a new high on over five times average volume. This stock was at an all-time low fairly recently (August 2004), but has rallied back from the depths. EDGR came public in May 1999 during the bubble and hit an all-time high of $21.88 in July 1999.
Bill Bishop makes a good point when writing about the new Google Finance:
“The one feature I wish Google would layer its awesome search engine on top of is the SEC EDGAR database. It is an incredibly valuable database, it is in the public domain, and Google would do a service to investors by opening this up in a more intuitive, user friendly and free manner. If they do that, Google Finance could get very interesting.”
I share this wish. If Google does start spidering EDGAR and serves the data attractively, EDGR would die a quick death.
EDGAR Online, Inc. provides financial and business information of global companies contained in the U.S. Securities and Exchange Commission filings. The company extracts, processes, and categorizes raw information filed over the Security and Exchange Commission’s Electronic Data Gathering Analysis and Retrieval filing system, and presents it in a user-friendly format. EDGAR was co-founded by Susan Strausberg and Marc Strausberg in 1995. The company is headquartered in Norwalk, Connecticut.