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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (21349)7/17/2002 11:24:56 AM
From: AC Flyer  Read Replies (1) of 74559
 
Remember this, DAK?:

>>the really great thing about the last year's kitchen sink write-offs (in bad times companies take the opportunity to write off everything, including the undepreciated basis of the kitchen sink) is that they will be followed, as day follows night, by tremendous year over year earnings improvements. Message 17612936

It's happening, and it was oh soooo predictable: >>Honeywell International reported sharply higher second-quarter profits, mainly due to huge one-time charges the high-tech diversified manufacturer took a year earlier.<< siliconinvestor.com
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