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Non-Tech : James Cramer -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (711)	9/17/2000 9:06:31 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 766

You are right on Herb Greenberg. One of the more recent articles he wrote concerned Avon (AVP) about 2 months ago. thestreet.com mentions it... there was a longer article about AVP. He was dead-on. AVP get one from the SEC regarding a writeoff.... and, according to the roaches theory there are more if one gets visible... biz.yahoo.com

To: StockDung who wrote (711)	9/24/2000 6:27:28 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 766

To avoid misunderstanding and clarify the issue: biz.yahoo.com >>>>>>>>>>>>>>>> "Watching financial statements Recently, the SEC has become concerned about so-called "big-bath accounting." This occurs when a company, knowing it's facing a lousy quarter, loads other write-downs and charges into the same quarter -- like taking all your medicine at once -- in order to pave the way for higher earnings growth in future periods. The problem with "big bath accounting" overall, as Howard Schilit says in Financial Shenanigans (http://www.amazon.com/exec/obidos/ASIN/0070561311/motleyfool-features), is that the assets often should have been written off a long time ago but were kept on the books to avoid disappointing Wall Street. This puts the accuracy of financial statements into question. I'm not saying Avon did this. I have no idea. And the SEC isn't saying Avon did it either. It's just looking into the matter. In a Reuters story yesterday, a company spokesman said Avon treated the charge correctly. The SEC seems to be questioning the timing and size of the charge, the spokesman said. <<<<<<<<<<<<<<<<<<<<<<<