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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (130146)	10/18/2001 6:07:51 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

<<Why did they state that they had an "investment-related charge"? When they had earnings from investment gains, there was no differentiation from other sources.>> We (on this board, and a few other bright or financially hip individuals) knew they would pull this, in order to "make the numbers". This asymmetrical treatment should not pass the accounting smell tests, yet analysts and media types let it go time after time. This is one of the many reasons why the EPS number composites cited for the indexes are FAR too high, ie, why the PE's of the indexes are vastly understated compared with historical norms. This will end badly....VERY badly (although I'm hoping they pop Softee for a coupla points tomorrow, its crying out to be shorted in SOIZE!)