Span - America Medical Systems (SPAN)

17.51 +0.01  +0.06%  Jun 01, 3:03PM Go Pro
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Span - America Medical Systems Beneish M-Score: -2.500

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SPAN Beneish M-Score Rankings

Overall 40th percentile 2241 of 3771
Sector 48th percentile 178 of 343 in Healthcare
Industry 45th percentile 40 of 73 in Medical Appliances & Equipment

SPAN Beneish M-Score Range, Past 5 Years

Minimum -3.213 Sep 2007
Maximum -1.748 Sep 2008
Average -2.549

About Beneish M Score

The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.

The best cut-off point depends on the costs mistakenly classifying in one of two ways:

1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).

Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):

M Score HTML Table:

ScoreRelative Error Costs
(Type I:Type II)
M Score > -1.49 (10:1)
M Score > -1.78 (20:1)
M Score > -1.89 (40+:1)


Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.

If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.

Learn More

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SPAN News

Span-America Raises Dividend for 13th Straight Year: http://stks.co/3tH8 $SPAN
about 14 days ago by DynamicDividend
Span-America Declares Cash Dividend
Feb 16, 3:39PM Business Wire
$SPAN filed latest Quarterly Report http://stks.co/2OsC
about 108 days ago by MarketBrief
$SPAN filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/1yiC
about 135 days ago by MarketBrief
$SPAN filed latest Annual Report http://stks.co/1j7d
about 154 days ago by MarketBrief
Span-America acquires M.C. Healthcare Products
Dec 09, 12:38PM theflyonthewall.com
$SPAN Acquires MC Healthcare Products
about 175 days ago by Benzinga
Span-America Declares Cash Dividend
Nov 10, 8:00AM Business Wire
$SPAN, on the other hand, has a 3% dividend and a single digit forward P/E...something to consider.
about 272 days ago by MOFinancial
Span-America Declares Cash Dividend
Jul 29, 7:30AM Business Wire
Span-America ups dividend by 10%. Yields 2.84% with a 12 year dividend growth streak. (Div +340% since 2000.) http://goo.gl/eDxps / $SPAN
about 399 days ago by DynamicDividend
Weekly Dividend Stock Evaluations: http://goo.gl/hvxcj $AA $BCE $BDX $BG $CAT $CL $CLF $COV $ENSG $FUL $GE $HCBK $KMB $MHP $PG $SPAN $SWK
about 488 days ago by DynamicDividend
$SPAN 2010 year in review. still throwing off cash but facing strong headwinds. closing position http://bit.ly/gGdg9g
about 498 days ago by asues
$SPAN Q3 Recap - stock took a hit after disappointing quarterly numbers, but seems poised for solid Q4 & year http://bit.ly/aXMQMx
about 668 days ago by asues
new post: $SPAN Q2 results. 82 consecutive quarterly dividends & special dividend. stock still undervalued http://bit.ly/9DHn9z
about 738 days ago by asues
Bah - didn't notice how low the avg volume on $SPAN has been - buying that today may come back to bite me
about 787 days ago by Stargazer71
Thinking of maybe picking up some $SPAN today... hmm...
about 787 days ago by Stargazer71

Recent Quotes

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