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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (35316)	5/4/2002 4:27:21 AM
From: Lee Lichterman III	Respond to of 52237

Agree about the write offs in currency swaps but that is truly a complicated matter. I disagree however about the options thing. The numbers are large and also dilutive. I feel that it is a simple straight forward employee compensation expesnse and can find no valid reason what so ever that it isn't shown as such in the 10K and 10Q. I think that if an employer gives you a car to use, they should show the expense of that car, if they give you options, show the expense to them for the options and if they give you a high enough expense account that it impacts the bottom line for smoozing execs, then those costs should be reflected also. ANYTHING that affects the bottom line and is a recurring cost that any normal reasonable person could expect to see again and again as an expense towards doing business should be reflected in the earnings statements. You can bet these companies are tracking the expenses for the books that run their company internally. Why not show those same numbers to the investors that OWN the company in the financial releases in simple language even J6P can understand? Heck, maybe we should just have them report to us what they report to the IRS. That would wake some people up! I also get a kick out of some of these companies announcing they will be reporting GAAP numbers from now on instead of Pro Forma. Sure now they will report GAAP because the GAAP numbers have been horrible for the last few years so now the GAAP numbers are easier to beat. Of course everyone will focus on how much better these numbers are rather than wondering why they don't remember last year's numbers being so bad. -g- Good Luck, Lee