Re: [CANSLIM] WCOM restatement

From: Dave Cameron <dfcameron@yahoo.com>
Subject: Re: [CANSLIM] WCOM restatement
Date: Wed, 26 Jun 2002 06:31:02 -0700 (PDT)

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I thought that was Veruca Salt from Willy Wonka and the Chocolate
Factory.

- --- Winston Little <wlittle1@peoplepc.com> wrote:
> 
> The mantra of the clowns:
> "I want it ALL"
> "Give it to me NOW"
> "It is MINE, I deserve it"
> 
> ----- Original Message ----- 
> From: "Kent Norman" <kent_norman@yahoo.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, June 26, 2002 8:12 AM
> Subject: RE: [CANSLIM] WCOM restatement
> 
> 
> > The answer is:
> > 
> > The same childish, short-sighted, immediate satisfaction that
> blinds
> > them to the possibility that there is a tomorrow... They run the
> > business like they live their life. All today and no tomorrow.
> > 
> > Kent Norman
> > 
> > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]"
> <john.cefaloni@us.army.mil>
> > wrote:
> > > Well said, Tom.  What is it that makes people do things for
> temporary
> > > gain
> > > when they know they'll probably get slammed for it in the
> future?  
> > > 
> > > I guess it's just greed, stupidity and arrogance.
> > > 
> > > -----Original Message-----
> > > From: Tom Worley [mailto:stkguru@bellsouth.net]
> > > Sent: Wednesday, June 26, 2002 12:53 AM
> > > To: CANSLIM
> > > Subject: [CANSLIM] WCOM restatement
> > > 
> > > 
> > > once again, Andersen strikes again, this time by signing off on
> > > Worldcom
> > > hiding over $3 billion in expenses as capital expenditures, and
> thus
> > > inflating cash flow. Restatement expected to take away last
> five
> > > quarters of
> > > profits and turn them into losses.
> > > 
> > > Who gave this sanction to a deviation from GAAP (Generally
> Accepted
> > > Accounting Principles)?? Andersen, of course. It's clear that
> Enron
> > > was only
> > > the tip of the iceberg, as if Waste Management, Sunbeam, and a
> host
> > > of other
> > > companies were not sufficient warning of major problems in
> corporate
> > > policy
> > > and infrastructure. Sad to see a great name like Andersen
> prostituted
> > > to
> > > selling its certification services for any price, but also
> clear that
> > > it
> > > must disappear from corporate America. And until every major
> company
> > > audited
> > > by Andersen undergoes a special review by the SEC on accounting
> > > practices, I
> > > doubt anyone will believe that we have finally seen it all.
> > > 
> > > Tom Worley
> > > stkguru@bellsouth.net
> > > AIM: TexWorley
> > > 
> > > 
> > > 
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> > 
> > =====
> > Opportunities always look bigger going than coming.
> > 
> > __________________________________________________
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> > 
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=====
Dave Cameron
dfcameron@yahoo.com

__________________________________________________
Do You Yahoo!?
Yahoo! - Official partner of 2002 FIFA World Cup
http://fifaworldcup.yahoo.com

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