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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (28658)	5/30/1998 10:54:00 AM
From: Knighty Tin	Respond to of 132070

Skeets, Basically, the eps they report are a sham. They do not have eps growth, in fact, they posted a dandy decline last quarter. Of course, they pulled the old writeoff trick. Their eps are built upon the implied profits in derivative contracts, many of which will eventually be written off. My guess is that we either see a collapse of that speculative market, or somebody notices that the eps are fiction. It happens every banking cycle, but when is another question. I am guessing soon, but the IMF and other enablers are still drawing smiley faces on their notepads. -g- MB