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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (122946)9/17/2001 4:21:27 PM
From: Logain Ablar  Read Replies (2) of 436258
 
heinz:

Welcome back.

the officially reported p/e's are not comparable to those of the past, before the new era of accounting shenanigans began

We'll I've forgotten much since I passed the CPA exam but in the 70's companies used to classify many items as extraordinary and keep these items below the line for reporting purposes. I forget what bulletin or standard corrected this but it was in the late 70's or early 80's. Companies always try to game the #'s.

Just saying this to indicate we really don't know how they reported #'s in the past (I think to some extent we'll always be comparing apples to oranges) for comparison.
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