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To: The Duke of URLĀ© who wrote (174397)5/8/2003 12:56:41 PM
From: COMMON_SENSE  Read Replies (2) | Respond to of 186894
 
Goodwill is a line item - options aren't!

I can look at a financial statement and I will see a line showing goodwill, which I can back out or discount as I please.

I cannot look at an financial statement and see the exposure to me as a stockholder for options pledged at some future date. I cannot know exactly how much will be needed by the company to be set aside if everyone came in and claimed their prize of corporate shares.

That becomes an unquantified risk that is off the balance sheets and gives the average stockholder a lot more exposure than they bargained for.

As long as the public and the large investors allow this sort of accounting - which is murky at the best and downright "pro forma" or "illusionary" at the worst - I cannot make an astute investment decision.

Which makes investimg more like reading tea leafs than doing rational research and coming out with some logical deduction.

Up a billion, down a half billion, over two billion, and possibly sideways 3/4 of a billion.... Where are we????

Can this make any sense to a simple investment decision?

What we lack in the 1990s onward is corporate integrity and management who cherishes wholesome values....



To: The Duke of URLĀ© who wrote (174397)5/8/2003 2:31:51 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
Dook,
As far as I can tell your ability to rationalize and "reason" doesn't have a whole lot to do with what the publics perception is of these "public" companies that ripped them off and continue to stick it up their wazoo.

Definition of "shareholder" = a bagholder that puts his trust in a bunch of greedy mofo's that don't "get it"...but do "take it".