Mike Fumento: $200 Million Man?

By Steve Milloy

From Steve Milloy’s Junk Science web page (www.junkscience.com)
February 3, 1999

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Last month, Forbes published Mike Fumento's article about a junk science attack by Checkpoint Systems on Sensormatic, Inc. - both manufacturers of electronic anti-shoplifting devices. Since Fumento's article, the price of Sensormatic's stock increased roughly $3 per share - a gain in market value in excess of $200 million. Meanwhile, Checkpoint's stock slid about $2 per share - roughly a $60 million loss in market value. I guess for Checkpoint Systems, crime didn't pay.