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To: wanna_bmw who wrote (78678)4/28/2002 8:42:23 PM
From: Ali ChenRead Replies (2) | Respond to of 275872
 
wbmw, "but Intel buys back stock, and records it using cash flows"

I hate to point to you that we are not talking about
some obscure "recordings" or other phony bookkeeping tricks
that most people do not comprehend.
We are talking about whether a company is profitable
or not in the common sense, as opposed to flawed
reporting.

To make an easy example for you, suppose you deposit your
paychecks to one account, pay for living and your
house from it, and a couple of hundreds is still left
for savings. Yet you buy a 850Ci, and pay installments
from your wife's account, and the installments exceed
your savings on the first account. Would you consider
your family lifestyle as profitable?

- Ali