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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: HW Bowman who wrote (4282)2/14/2000 8:42:00 AM
From: CF Rebel  Read Replies (3) | Respond to of 15615
 
HW,

I do not know whether the figures I see at various places include consideration of warrants and convertibles. Because these are usually minor, a ballpark figure is good enough for me - I don't have the time to keep up with exact figures on anything. But, when I see someone report something that is fundamentally at odds with my general knowledge of something, I question it and look into it if I have the time.

The problem with getting exact outstanding share information is complicated by not only warrants and convertibles, but by those who report the information. For example, Yahoo says that outstanding shares (OS) for GBLX is 794.8M. Both Quicken/Excite and Nasdaq report 772.7M OS, and stocksheet reports 767.897 OS. I'd think that these discrepancies can be explained by when each reporter updates their numbers. Perhaps stocksheet updates only every quarter with the 10Q/10K release and perhaps the others update with every SEC filing. And, since the company's shares OS has grown quickly due to mergers and such, accounting methods are usually reporting "average shares OS" for a given reporting period, further complicating exact figures. As an investor, I keep this in mind and realize the futility of getting exact numbers and that is why ballpark figures are good enough for me. But I do notice when someone is reporting something at fundamental odds with my general knowledge.

I forgot to add, in my estimates post, that Frontier shares held by insiders before the merger/buyout were, if my memory serves me, less than 1% of FRO shares OS, miniscule in fact.

CF Rebel