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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: dawgfan2000 who wrote (7119)5/5/2001 1:06:28 PM
From: Berney  Read Replies (1) of 52237
 
Dawg, Thanks for the great article.

As an accountant, it has been a complaint of mine for years. It really shows when you visit various sites and they report significantly different PE ratios. Seems that they cannot agree on earnings or shares outstanding.

I thought the most important information came towards the end of the article:

Under former Chairman Arthur Levitt, the SEC started a campaign against numbers games in September, 1998 (table). Among the results: a financial fraud task force, which SEC enforcement chief Richard Walker says has been "working on some very, very substantial matters, which the public will learn about shortly." They involve some of the largest companies in the country and the biggest accounting firms, he says.

That sounds like the potential of a poison pill for the market, particularly coming at a time of slowing earnings.

Berney
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