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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (2303)	8/29/1998 3:24:00 PM
From: RockyBalboa	Respond to of 18998

A story often heard is... ..those old company story with red numbers: It reads roughly like this: A company has an executives meeting. The director reports about the yearly term and calls up each division head. As it is a bank the heads appear, the head of private banking, larger customers, treasury, operations, investment technology. Each of them reports a great success along with paper showing up big numbers. Finally, the CFO appears and reports a corporate loss of a buck a share. Now, says the director, could anyone explain me how come that the company reports a loss? .... "I expect that accounting standards will be treated tighter in the near future, due to the recent incidents." Christian