Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: dbsf Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 203310  
Subject: Re: Smoothing earnings and Apple's tax rate Date: 8/10/2002 4:09 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
Thank you very much for that insight into corporate reporting.

It illustrates a belief I've had for a long time (at least since starting to invest directly in equities):That no matter the level of understanding the final numbers one can accurately base investment decisions on are an elusive, slippery slope giving no reasonably intellegent person a way to gain secure, consistent information.
Imagine an investment decision based on reporting that will be retroactively accurate to future quarters! It's simply too much to comprehend, even with your excellent post, and I suppose the best reaction is to maintain a basic belief in the underlying "fundamentals", whatever they are. But this is now feeling more and more like having ones head in the sand......
I'ts good to see Apple playing the "game" of reporting income and earnings if only to prove the CFO and others are skillfull enough to do so, but does this improve your belief that the hands on the helm are headed in the correct direction? Where do you see Apple in the next three years?
Thanks,
david/sf
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement