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To: ild who wrote (117294)8/17/2001 8:30:10 PM
From: ild  Read Replies (1) | Respond to of 436258
 
comstockfunds.com
What They Really Mean
A Guide To Investor-Speak

In an effort to reassure investors and keep the market from declining, corporate executives, Wall Street strategists and economists are trying to put a positive spin on every release. In order to avoid confusion and help clarify their statements, we are providing the following list of interpretations. In each case the first statement shows what they are saying, while the second statement indicates what they really mean.
“This stock is a good value”—The price-earnings ratio has fallen from 210 to 90.

“Hold for the long-term”—The current outlook is lousy.

“We’re creating values”—We’ll never earn a dime.

“This industry is just undergoing some consolidation”—There’s enough capacity for the next ten years.

“We’ve got our financing lined up”—If we don’t get some money now, we’re out of business.

“It was clear to everyone we were in a big financial bubble”—I thought we were in a new era.

“We’re exploring our alternatives”—Our business is going down the tubes.

“We’re profitable on a pro-forma basis”—That is, if you leave out our expenses.

“We’ll exceed earnings expectations by a penny a share”—That’s because we slashed the estimate by 25 cents three weeks ago.

“There’s no visibility”—There’s plenty of visibility, but it’s too awful to mention.

“Orders are stabilizing”—We had none last month and none this month.

“We’ll rebound in six months”-- If I keep saying that I’ve got to be right at some time.

“I’m a long-term holder”—My account is getting decimated.

“We’re beginning to see positive news”—Our earnings are only down 90%. I thought there wouldn’t be any earnings at all.