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

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: porcupine --''''> who wrote (625)	8/17/1998 9:23:00 PM
From: porcupine --''''>	Read Replies (2) of 1722

Reader comment re: What Did GM Really Earn in 1997? A CPA writes: I read your analysis of GM's earnings and accounting distortions. I .... could not find any glaring errors in your interpretation and conclusions. So much of accounting is based on estimates that it enables companies to manipulate the books based on a variety of assumptions. I was able to follow your logic throughout the article and came to the same conclusion that you did. The only thing difficult to believe is that the IRS will allow a company to write-off the estimated reduction in future earnings that may or may not result from so-called over-valued assets. When you are dealing with billion dollar balance sheets these adjustments can generate a lot of present value cash from the IRS. I'm sure GM knows this, and is trying to maximize their return with Uncle Sam and the shareholders. It's hard to see through all the smoke and mirrors sometimes.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next