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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (9093)	12/2/1999 4:58:00 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 78594

Armin: <<Not like the quality of US financials?>> Abby Cohen and many others have indicated that US accounting rules and regulation are a major factor in the popularity and prosperity of our markets - closer to a 'fair game' than virtually anywhere else: Better disclosure, better enforcement, and a legal system that imposes real consequences on violators. That said, it's important to recognize that a company is going to work within that system, and sometimes a bit beyond to maximize share price and lower cost of capital. And no matter how good the system, there will be outright frauds like Cendant's CUC division and near frauds like Mattel's Learning Co. The disclosure does allow the analyst a shot at figuring something ain't right. Schilit had written about both well prior to public disclosure and his analysis came from sec docs. bob