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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject8/8/2000 9:11:51 PM
From: Perspective  Read Replies (7) of 436258
 
WTF is this stupid $0.16 BS?!? Give me a f***ing break. CSCO is a mature company (more of an investing fund than an operating company) buying the sales it needs to keep the smoke and mirrors working, trading at a FORWARD PE OF 150!If they get to take credit for $600M in investing gains, then they better damn well admit that they burned $600M in investing this quarter.

When I look at that statement, I see that their investing activities were basically neutral - gains roughly equaled losses. Earnings are $0.11/share. Case closed. You want to exclude the costs of investing? Then exclude the gains.

Wall Street is such a f*cking fraud it's disgusting. This is what is really going to bring ruin to the securities market, a'la 1970s. It's gotten so flagrantly fraudulent that, when J6P wakes up to find his retirement money stolen by Wall Street, he won't buy a share of a mutual fund for another decade.

What sucks is, it's gonna get us all, and those responsible will walk away from it. Granted, they'll be unemployed, but how much more employment would you need after collecting 1% management fees on billions of dollars in clownbux?

I can't WAIT for this crap to end. What a disgrace to the country...

BC
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