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Re: The biggest problem that most people have is that they read Wall Street research reports and they believe the Wall Street hype 

By: ribit in POPE 5 | Recommend this post (1)
Sat, 01 Jun 19 1:04 AM | 54 view(s)
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Msg. 33230 of 62138
(This msg. is a reply to 33187 by Zimbler0)

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...and let us not forget ENRON who paid no taxes during the last six years of the clinton administration and yet reported giant profits.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: The biggest problem that most people have is that they read Wall Street research reports and they believe the Wall Street hype
By: Zimbler0
in POPE 5
Fri, 31 May 19 3:31 AM
Msg. 33187 of 62138

They call themselves 'analysts' . . .

I think I know why it starts with 'ANAL'.

Reminds me of something that happened years ago. I owned some stock in a power
company that had cut, then eliminated their dividend. For three years the internet
kept reporting nice, positive earnings . . . but no dividend re-instatement.

I went ballistic when I learned what EPS really was. I learned how to actually
understand parts of the annual report, and I figured out that that company had
been losing money for three years. While the internet reported it as making money.

I think it was a guy at Bloomberg who told me the truth. That the EPS figure
being reported on the internet was what some ANALyst was pretending the company
was going to make.

When I pointed out to him that that particular lying analyst had been wrong
three years in a row . . . well, the next day the real numbers appeared on
the internet as if by magic.

Since then - I look for 'Trailing EPS' and if in doubt call up and look at the
companies annual report filed with the SEC. (They don't lie there.)

Zim.


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