Apr

28

One admires the typical high tech earnings report. Made 15 cents excluding certain items. Those items include salaries. With salaries loss of 20 cents. Twitter an example today. Something rotten in the way sale growth of 30% versus estimate 35% is cause for the 15% decline rather than they can't earn money. 

Ed Stewart writes: 

If you think that is bad you should read the "value" stock releases. Every quarter it is "but for" earnings and the analysts play along with the BS to the extent that the fake numbers are the ones that are the default in factset.


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