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URL:  http://boards.fool.com/ha-i-knew-those-sites-were-wrong-i-wonder-if-29453513.aspx

Subject:  Re: Understandiing Book Value Per Share Date:  8/3/2011  12:51 AM
Author:  JaredCarr Number:  2159 of 2203

Ha, I knew those sites were wrong! :]

I wonder if companies that have many mistakes reported in their financial data means that these companies are less followed.. and more likely to be mispriced... !

Also, could you help me distinguish between the term "common units" and "basic share" ?

For example, I was looking at Diana's financial statements for the year ended Dec 31, 2009, located here:

http://sec.gov/Archives/edgar/data/1318885/00009195741000277...

Right before the table of contents there is a message posted that states:

"As of December 31, 2009, there were
81,431,696 shares of the registrant's
common stock outstanding."

I thought this meant to be the total number of shares outstanding (excluding diluted shares). So I found the table that stated that there were 102,689 diluted shares in 2009, so I added that to the 81,431,696 shares above to obtain a total number of possible shares of 81,557,158 shares outstanding.

But later on in the financial statements, I came across a table that had this:

------------------------------

For the year ending Dec 31, 2009:

Weighted average basic shares outstanding:
78,282,775 Weighted average diluted shares outstanding:

78,385,464

-----------------------------------

Which of these two numbers (the one I calculated or the ones provided above) do I use to represent Basic EPS and Diluted EPS?

Thanks for your help!
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