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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (9201)7/14/2004 9:25:57 AM
From: Knighty Tin  Read Replies (4) of 116555
 
They haven't learned a damned thing from Cisco. You write down the inventory, but that's a one-time charge and doesn't impact operating earnings. Then you cut the price drastically, sell the crap and that all goes to profit and makes your profit margin, and stock price, huge. Yes, it kills the balance sheet, but analysts never get that far.
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