Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: S Shaw who wrote (335)	4/17/1998 6:17:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 650

Scott:>There was an article in a recent issue of the NYTimes with respect to management pumping up the price of the stock. < Was this article BFT specific? Pancho

To: S Shaw who wrote (335)	4/18/1998 6:40:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 650

Timely piece on the deterioration of earnings quality Pancho Safian Investment Research's Presentation to the Boston Security Analysts' Society 709 Westchester Ave., White Plains, N.Y. 10604 APRIL 2 The current business environment is one of "enhancing shareholder value." We believe another definition of enhancing shareholder value is "to make profits as high as possible." Therefore, many tools of the trade used to enhance value result in a deterioration of quality in earnings. To name a few, some of our recent studies have targeted excessive use of employee stock options, off-balance sheet financing, stock buyback programs, and merger activity permitting writeoffs and restated earnings. -KEN SAFIAN