Analyzing Financial Satements

Choose a publicly traded company and find its annual report (10K) on www.sec.gov. Scroll down to the area called "Filings and Forms" and click on "Search for Company files" and then click on "Company or fund name. . ." It's probably the easiest to search by the company's ticker symbol, but you can also use the company's name. Once you find the company, then find its most recent 10K report. Open the massive report and scroll through the index to find the MD&A section (Management Discussion and Analysis). Sometimes you won't find much information in the MD&A section but you will note some management discussion around this area--you can use that, too. In your post, provide the name of the company you chose and describe something interesting you found in the MD&A. Again, do not duplicate firms, please.