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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (25852)	2/10/1998 6:15:00 AM
From: Skeeter Bug	Read Replies (1) of 132070

mike, check out digl. i'll give you a hint. click on quotes. click on chart. see the cliff at the end of the swan dive? look for news that occurred just prior to the cliff. ok,ok. i'll save you the trouble. digl management shipped a bunch of product to their distributors and counted it as revenue and earnings when it wasn't moving of the disties shelves. nice piece of work. the only flag was that accounts receivables were growing at the same rate as revs ;-) of course, the bulls said, this is b/c they must offer "terms" to everyone. they pimped their stock to $22+ from $4 in a few months. hey, and they didn't even have to sell that much. some of the bigwigs sold in the high teens and maybe even in the $20s. the game is over now that digl is back in the $4s. they revisited their earnings for the last 3 qs and decided that they have some nice losses to share with their supporters ;-) it wouldn't be so bad for the bulls, but the company kept touting how great business was and how it was beating their own expectations. ;-) companies never do this stuff. bill clinton is a virgin and politicians never lie ;-) some people are soooooooo naive ;-)

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