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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (42567)	1/8/1999 2:12:00 AM
From: Cents	Read Replies (1) of 132070

Michael, <OT> Something's been bothering me lately....how many companies do you think are cooking their books just so they can meet/exceed expected earnings? I can't understand the rise in stock prices recently. Are things really that much better than they were a year ago? I don't think so.....but what do you make of the stock prices? Heck, look at Oxford Health. Weren't they just a $90 stock and later fell as low as $6 bc of computer problems affecting their accounting? But now, they've turned around with new mngt team and the stock is now up slowly on "honest" conditions. Couldn't all the companies that may be cooking their books, once caught later blame accounting errors on Y2K? And of course, it's always the little guys who gets burned ( not only by analysts who are supposedly researching and putting out buy recs for these companies, but also by the lawyers who later want to help you sue these companies).....and that's way too many rich board members too late for me. Can you tell that I'm a bit paranoid? <gg> Cents

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