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Strategies & Market Trends : Group Therapy
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To: E. Graphs who wrote (2272)9/5/2000 11:10:18 PM
From: Duane L. Olson  Read Replies (2) of 4564
 
E! Back again... On GBLX, I think the large negative reported earnings are simply an accounting treatment. They are writing off (depreciating) huge amounts of their heavy capital investment. But the writeoffs are only book entries, not actual losses. A good cash flow analysis would give a better indication of where GBLX is really at... and I understand it is very, very positive.. I'd keep it on my consider list, even though I DO like reported REAL earnings..
tso
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