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


To: Vitas who wrote (37442)6/26/2002 7:26:46 AM
From: Paxb2u  Read Replies (1) | Respond to of 52237
 
It moves things from expenses against income to assets that can normally be depreciated. So it inflates your assets and decreases your expenses making income and assets appear higher. You still have to decrease your cash or cash equivalents (current assets) to pay for them.

Peter :o)



To: Vitas who wrote (37442)6/26/2002 9:28:28 AM
From: Berney  Respond to of 52237
 
Vitas, Your question drew a series of great responses.

They were right on with their observations. I've strongly felt for some time that every time the SEC allows these public companies to report their financial results to the public in a form (in this instance EBITDA) other than GAAP, the foundation of our financial systems is eroded.

Berney