SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: porcupine --''''> who wrote (372)6/7/1998 8:30:00 PM
From: Freedom Fighter  Read Replies (2) of 1722
 
Reynolds,

>> Two excellent articles in Barrons this week.
>> One on accounting gimmicks at
>> Sunbeam ...

>I agree. The prudent investor must not only analyze the
>numbers, he or she must also make (in my opinion
>partially subjective) judgments about whether or not to believe
>management.

I am not familiar with Sunbeam, but I thought the article made a persuasive case that the accounting gimmicks were somewhat decipherable by a careful analysis just by looking at the numbers. At the very least there were a number of red flags. Ones that we should all be on the lookout for. These days I trust almost no management except for the handful who have made public statements about what's really going on these days and the companies they are associated with. (Warren Buffett, Laurence Tisch, Joe Steinberg (Leucadia) and a few others)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext