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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (3292)9/27/1998 12:09:00 PM
From: Cube  Read Replies (2) of 18998
 
Mr. Pink,

Let's look at Boeing (BA) as almost the opposite of how FP keeps the books. When Boeing gets a firm order from an airline, they don't book the revenue. When they build the plane, they don't book the revenue. When then airplane is delivered, they don't book the revenue. When the check clears from the airline or leasing company, THEN they book the revenue. Then they subtract expenses for a quarter, and that is their profits. Accounting is pretty simple when you run your business that way, isn't it.

Cube
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