Re: [CANSLIM] Accounting Shenanigans

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Accounting Shenanigans
Date: Thu, 24 Jan 2002 21:49:26 EST

Next Article (by Subject): Re: [CANSLIM] Accounting Shenanigans "Katherine Malm"
Previous Article (by Subject): Re: [CANSLIM] Accounting Shenanigans "Katherine Malm"
Top of Thread: Re: [CANSLIM] Accounting Shenanigans "Katherine Malm"
Next in Thread: Re: [CANSLIM] Accounting Shenanigans "Katherine Malm"
Articles sorted by: [Date] [Author] [Subject]

Tom or Katherine:

     I understand-as you state-that "pro forma" numbers do not include one 
time charges.  But do they include one time transactions that generate 
income?  

     For example, DGO uses pro forma numbers in identifying the earnings of 
each company whose stock DGO displays.  So, then, if the company (for 
instance, an Internet Company) sold extra land (for example) at a loss, this 
would not be included in earnings, as I understand the term"pro forma"-as 
used in accounting .  But how about if it sold the land at a gain?  Would it 
be included in the earnings reported as pro forma earnings, even though the 
gain was not associated with its business, and it was a one time gain?

jans


In a message dated 1/24/2002 7:43:13 PM Eastern Standard Time, 
stkguru@netside.net writes:

<<  When DGO reports, they use the proforma numbers NOT the GAAP numbers. In 
other words, they delete all the one time and extraordinary charges just like 
everybody else...  >>

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.