books:
Quality of Earnings
7 reviews
Thornton L. O'glove
Free Press
, 1987
Still worth reading
17 years later and many things have changed. The desire of investors to accurately gauge the stability of the companies in their portfolios remains the same. The incentive of management with stock options to hide the true nature of what the reality of what the company's earnings have been remains strong. Some of the techniques mentioned will be hard to use when companies employ SPEs to hide their ...
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