Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: DebtBomb who wrote (82716)	6/21/2002 8:16:48 AM
From: shoreco	Read Replies (1) of 99280

Dale, It's stuff like this that will keep Mom and Pop out... Merck Sinks in Premarket Trading on Report 7:06AM Merck books co-payments to pharmacies as revenue (MRK) 52.20: The Wall Street Journal reports that MRK and its Medco pharmacy-benefits unit have boosted their reported rev by billions of dollars in 2001 alone by booking co-payments, an accounting practice not used by competitors ADVP and ESRX, which use a more conservative accounting method; the accounting treatment was disclosed to investors for the first time in an SEC filing in April in preparation for an initial public offering of stock in Medco. The article notes that CMX also includes co-payments when calculating rev. Full story link... biz.yahoo.com

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