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Pastimes : Bad investing information/advice on the net contest
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To: The Other Analyst who wrote (108)10/7/1999 11:50:00 PM
From: The Other Analyst  Read Replies (2) of 214
 
What does Quicken say about a Prospectus?

Prospectus

A document that must be filed with the Securities and Exchange
Commission when a company issues stocks or bonds to the
public. In addition to telling how the deal is structured, the
prospectus provides information on the company?s management
and operations. Traditionally the prospectus has been full of
legalese, but recently some companies are issuing the
document in plain language in hopes of attracting more individual
investors. A mutual fund prospectus provides information about a
specific fund and includes information on investments and
redemption policies. When an investor requests an application
for a mutual fund investment, the prospectus must be sent out
as well.

Not a very good definition. The plain language that has recently begun to appear is required by the SEC. It is not an attempt by companies to attract more individual investors.

As you can see, Quicken is a rich source of misinformation.

here's yet another example of wrong information:

Revenue growth

The increase in the dollar amount of annual sales, minus
allowances such as discounts and returned merchandise.
Revenue is the "top line" figure from which costs are subtracted
to determine net income. Corporate annual reports give revenues
for up to 10 years, and quarterly reports post revenues for the
current quarter and the year to date as well as figures for the
same periods during the previous year.

Revenue growth, often an indication of a healthy company,
should at least keep up with the rate of inflation. Acquisitions
and divestitures, however, can inflate or depress revenue growth
figures. For all but the most successful companies, the growth
rates change quarterly, so these values should be checked
often.

It is hard to know where to begin pointing out flaws in this one, so I'll leave it for others.
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