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Pastimes : Bad investing information/advice on the net contest -- Ignore unavailable to you. Want to Upgrade?

To: The Other Analyst who wrote (108)	10/7/1999 11:50:00 PM
From: The Other Analyst	Read Replies (2) \| Respond to of 214

What does Quicken say about a Prospectus? Prospectus A document that must be filed with the Securities and Exchange Commission when a company issues stocks or bonds to the public. In addition to telling how the deal is structured, the prospectus provides information on the company?s management and operations. Traditionally the prospectus has been full of legalese, but recently some companies are issuing the document in plain language in hopes of attracting more individual investors. A mutual fund prospectus provides information about a specific fund and includes information on investments and redemption policies. When an investor requests an application for a mutual fund investment, the prospectus must be sent out as well. Not a very good definition. The plain language that has recently begun to appear is required by the SEC. It is not an attempt by companies to attract more individual investors. As you can see, Quicken is a rich source of misinformation. here's yet another example of wrong information: Revenue growth The increase in the dollar amount of annual sales, minus allowances such as discounts and returned merchandise. Revenue is the "top line" figure from which costs are subtracted to determine net income. Corporate annual reports give revenues for up to 10 years, and quarterly reports post revenues for the current quarter and the year to date as well as figures for the same periods during the previous year. Revenue growth, often an indication of a healthy company, should at least keep up with the rate of inflation. Acquisitions and divestitures, however, can inflate or depress revenue growth figures. For all but the most successful companies, the growth rates change quarterly, so these values should be checked often. It is hard to know where to begin pointing out flaws in this one, so I'll leave it for others.