Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (194)	4/19/1998 3:35:00 AM
From: porcupine --''''>	Read Replies (1) of 1722

<< Keep in mind they have already been charged to earnings and VL makes no mention of any of this [i.e., that future cash payouts for workers' medical benefits will not be reflected on the income statement if and when they are actually made]. >> They are included in the VL earnings and cash flow numbers at the time the workers' rights to these expected future payouts first accrue. The failure to do so previously was one of the bases for the claim that the current figures are inflated.

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