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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1867)	10/4/2002 7:41:30 PM
From: BelowTheCrowd	Respond to of 4345

Yup, cash flow has told the story on most of the crappy companies that have faked their earnings. Cash flow is tougher to fake. I always examine financials in the following order: 1) Footnotes. This is typically where the real dirt is hidden. 2) Cash flows. 3) Balance sheet. Always as compared to previous balance sheets. Do the changes make sense? 4) Earnings statement. Of course, Wall Street, the analysts and lots of investors have spent the past decade looking at "earnings" first, which is part of the reason we've ended up in this mess. mg