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To: Lucretius who wrote (157917)4/1/2002 4:36:09 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
so they were considered a good lay because of the respect indicator? i'm confused in regard to this aspect of investing. please clarify.



To: Lucretius who wrote (157917)4/1/2002 4:38:45 PM
From: patron_anejo_por_favor  Respond to of 436258
 
ROTFL!

Anyone notice CCRT's quarter? It's an unmitigated disaster (EPS est was 0.10....came in at -0.72). Check out that write-down for their securitizations...fun to note that Ernst and Young resigned as their auditors 2 weeks ago:

biz.yahoo.com

ATLANTA--(BUSINESS WIRE)--April 1, 2002--CompuCredit Corporation (NASDAQ: CCRT - news) today reported a final fourth quarter 2001 net loss of $33.2 million, or $0.72 per share.

These results compare to fourth quarter 2000 net income of $11.3 million or $0.24 per share. For the year ending December 31, 2001, the company reported final net income of $2.9 million or $0.06 per share compared to prior year net income of $82.4 million or $1.79 per share.

Included in the final results is a loss of approximately $39 million, net of tax, related to CompuCredit's sale during the fourth quarter of two interests in its securitizations and a corresponding revaluation of its retained interests in its securitizations as a result of the discount rate implicit in the sales. CompuCredit previously announced that it was working with its auditors to determine the appropriate accounting treatment. David Hanna, CEO of CompuCredit, commented, ``We are glad to have this issue resolved. The $39 million loss has no impact on the cash flow of our business, and we worked diligently with our auditors to come to the correct conclusion according to GAAP.''

During the year 2001, CompuCredit's book value per share increased to $8.77 from $8.69 at the end of 2000.



To: Lucretius who wrote (157917)4/1/2002 5:17:57 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
patience, grasshopper <vbg>