Correctomundo Sven !
GAAP, not-to-be-confused-with the overwrought choreography of The GAP, is correctly "Generally Accepted Accounting Principles" featuring a limited amount of tolerance for creative accounting, trans-shipping and not-too-well-done deceptive practices.
Remember the true tale of Ed Antar aka Crazy Eddie ? A flipside story, needed inventory to support the numbers, loaded up the first store with consignments, counted it, loaded up the trucks for another location, counted it again, etc etc. Took a 44 buck stock to zero in two months.
Corporate complicity ?
A not-so-happy-ending for the longs, bail early, avoid the rush.
Wanna buy a couple 100 July 17's in a few weeks ? Nah, I'll hold. |
