Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: tonto who wrote (6774)	11/11/1997 8:51:00 AM
From: Roger A. Babb	Read Replies (1) of 9285

tonto, I was noticing the same thing as you about TLC. Most folks do ignore the writedowns, but that is real money that was paid out either by cash, debt, or dilution. I have not made a decision on this one yet, but it looks fishy. A company can create the illusion of earnings by buying other companies with earnings and then writing off the cost of the purchase.

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