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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (88434)	6/29/2002 1:57:17 AM
From: thecalculator	Respond to of 99280

<<Your assuming the accounting is clean. What if the debt and cash are not reliable.>> Well, you got to start somewhere, and those are the very basics on the balance sheet, and typically the most easily audited. And I would think companies that meet basic listing requirements on the Nasdaq have at least these properly accounted for (but if in doubt -- maybe in the case of a foreign company(?) -- you can stay away). Note, these 'basics' are not at issue with regard to the companies currently being covered in the media; rather, they are principally concerned with faulty earnings statements. <<A good question did WCOM or Enron fit the "bottom line value per share" prior to belly up.>> You can see from their balance sheet that WCOM has a big -$5.37 "bottom line value per share" ( negative): yahoo.marketguide.com