 hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | yeah, right Do you really believe what these companies spew in their PR releases? | |
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  hobgoblinSortof AgoblinPremium
join:2001-11-25
Orchard Park, NY
kudos:4 | Re: yeah, right said by hopeflicker:Do you really believe what these companies spew in their PR releases? Yes I do mostly when it relates to figures.
Hob
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"A foolish consistency is the hobgoblin of little minds."
- Ralph Waldo Emerson
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 | | | Re: yeah, right said by hobgoblin:said by hopeflicker:Do you really believe what these companies spew in their PR releases? Yes I do mostly when it relates to figures. Hob Figures don't lie but you can lie with figures.
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openbox9
join:2004-01-26
Alexandria, VA
kudos:2 | When it involves an earnings report and the SEC, yes! | |
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| | | Re: yeah, right said by openbox9:When it involves an earnings report and the SEC, yes! the years are littered with examples of restatements, false statements, etc. | |
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| | openbox9
join:2004-01-26
Alexandria, VA
kudos:2 | Re: yeah, right Ok, but I'll still trust earning reports regulated by the SEC more than random press releases and various other ramblings by many corporations and govt entities. | |
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| | | | | Re: yeah, right said by openbox9:Ok, but I'll still trust earning reports regulated by the SEC more than random press releases and various other ramblings by many corporations and govt entities. I've been in the business a long time, be wary of both. The SEC does not vouch for accuracy of earnings reports or press releases for that matter.
Earnings reports are done by accountants, and there are more tricks in reports than most people realize.
Over the years, how certain revenue is allowed to be recognized has changed, etc. Some accountants will show things one way, others another way. You have to go through those things very carefully.
Also, any press release put out by a company is filed with the SEC also, as a Form 8k. | |
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| | | | openbox9
join:2004-01-26
Alexandria, VA
kudos:2 | Re: yeah, right I'm very aware of SEC filings and various accounting measures and I'm still willing to put my money where my mouth is. You are correct about public companies' press releases and the SEC. | |
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| | said by hopeflicker:Do you really believe what these companies spew in their PR releases? Trust us!  | |
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