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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (6898)	10/15/2002 11:47:41 AM
From: gypsees	Read Replies (1) \| Respond to of 57110

Yes - more creative accounting.

To: Oral Roberts who wrote (6898)	10/15/2002 12:18:03 PM
From: Techplayer	Respond to of 57110

So the primary impetus for today's push (or at least a major one that set the futures off and running this morning) actually missed their quarter. I wonder where C would be if they announced a nickel shortfall. TP

To: Oral Roberts who wrote (6898)	10/16/2002 9:31:32 AM
From: Techplayer	Read Replies (1) \| Respond to of 57110

Oral, I guess that this answers the question about the quality of their earnings. Nice bubble to pop. 09:21 ET Citigroup quality of earnings concerns - Pru (C) 34.14: Echoing Keefe Bruyette's comments yesterday (see archive), Prudential estimates that C earned $0.71 in operating earnings, $0.02 below consensus; co viewed a gain on the sale of its headquarters as core, yet firm says the classification of such a gain as if it were a recurring business activity appears to fall short of C's desire to exemplify "best practices" in corporate governance. Stock is rated Sell with a $28 price target.