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To: Sun Tzu who wrote (8268)3/17/2024 10:04:01 PM
From: S. maltophilia  Read Replies (1) | Respond to of 10522
 
I would venture to say that some of those Cornell students couldn't afford to enroll in the next semester

.....Real World Examples of the Beneish Model's Application
In 1998, a group of Cornell University business students used the Beneish model to predict that Enron Corporation was manipulating their earnings.4

At the time, Enron stock was trading at only about half ($48 per share) of the price to which it eventually climbed ($90) before its dramatic fall into ruin and bankruptcy a few years later in 2001. At the time the Cornell students sounded the alarm, no one on Wall Street heeded their advice.......

investopedia.com



To: Sun Tzu who wrote (8268)3/31/2024 7:22:37 AM
From: Sun Tzu1 Recommendation

Recommended By
sixty2nds

  Respond to of 10522
 
Ya, NVDA m-score is wrong. No revenue manipulation at all. Move along folks, nothing to see here!

In the latest Forbes exposé on Stability AI's downfall, a striking revelation uncovers a complex scheme. Coreweave, which exploited a sale and lease back arrangement with NVIDIA back in summer of 2023, turned Nvidia’s prepaid lease payments into equity and borrowed over 70% LTV from Wall Street private credit investors to acquire a mass of Nvidia GPUs. Within less than a year, a Coreweave client not only failed to meet rental payments but even considered reselling leased GPUs. Whether or not A16Z snapped up these GPUs, the real question looms: Who are these GPUs actually serving? Are Nvidia's prepaid leases essentially funding air? (other than funding its own revenue, of course) PwC, it's your move! Twenty years after the Enron scandal decimated Arthur Andersen and reduced the Big Five to the Big Four, it's time to ensure history doesn’t repeat itself. The debacle demands a close!
@PwC
t.co