analyzing a company s public comments and statements

... Olstein of Olstein & Associates were particularly helpful and repeatedly made themselves available to answer my many questions In my research, I was assisted by two diligent research assistants, ... managers and stock analysts, many of whom preferred to speak on background, also shared their strategies for reading Securities and Exchange Commission filings Pat McConnell at Bear Stearns and ... increasingly complex financial reports of U .S corporations What comes out in the footnotes of a company s financial reports speaks volumes about a company s real financial health Details about many...

Ngày tải lên: 10/08/2014, 11:20

... meanings in financial statements and is popular with many professional money managers, for David Tice & Associates “Wall Street and analysts tend to ignore restructuring charges.” Of course, all ... professional money managers have also largely ignored these items in the past, some are paying a lot more attention as the size and number of “special” charges continues to increase Some companies ... professionals to spend several hours when they pick up a 10-K for the first time Chanos says he spends at least an hour on a first reading and then spends several additional hours on a second...

Ngày tải lên: 10/08/2014, 11:20

... the same company announces another set of suspiciously similar charges, few people— analysts, financial journalists, and especially individual investors— stop to question whether it s really appropriate ... forma and GAAP results can be substantial, even without any changes to the rules on options that the Financial Accounting Standards Board (FASB) began considering in early 2003 (changes Rodgers also ... would any company want to repeatedly announce big charges? Because as long as everyone was happily ignoring these charges, it was easy for companies to brush away all sorts of bad decision making...

Ngày tải lên: 10/08/2014, 11:20

... earnings release Professionals also keep a close eye on options because it s one of those footnotes that can speak volumes about a company s management and whether it has shareholders’ best interests ... companies, distributing options enables employers to save on things they’d have to spend actual cash on—such as salaries and benefits And since companies are the ones selling their own stock, any ... Accounting Standards Board s (FASB s) rule on related party transactions requires companies to inform investors of any deal that is material, or significant, companies have a good deal of leeway here...

Ngày tải lên: 10/08/2014, 11:20

... would have to happen first is that a company does a small deal, gets away with it, and sees that it s okay,” says Young RED FLAG Don’t automatically dismiss small related party deals as too insignificant ... would have taken a much closer look at the company “We’re taking a lot harder look at management teams,” says that analyst “The idea that assets and cash flows can win out in spite of poor management ... information on a quarterly basis “Pensions are one of the biggest areas of abuse because it s just a paper profit It has no impact on cash It s like waving a magic wand,” says Ted Oglove, who first...

Ngày tải lên: 10/08/2014, 11:20

... not thousands, of publicly traded companies structured similar real estate transactions and crafted other types of corporate arrangements whose primary purpose was to keep debt and assets off of ... airlines, pensions are a significant item at Continental And the sharp decline in pension assets and lower interest rates couldn’t have come at a worse time, with so many airlines cash-strapped ... analysts and money managers what it was doing to shore up its pension plan GM s CFO, John Devine, told analysts that there was a “substantial pension drag on both earnings and cash flow.” “This is the...

Ngày tải lên: 10/08/2014, 11:20

... quarters of results and was charged by the Securities and Exchange Commission (SEC) with large-scale accounting fraud At Enron, a massive congressional investigation found that the company had ... net-lease arrangements a popular technique used to finance office buildings and factories that enables a company to keep debt and assets off of its balance sheet Another $700 billion in asset-backed ... “ingredients” stand out and warrant extra attention by the judges, or investors After all, not every company offers pensions or has a lot of off-balance sheet obligations, so it makes little sense to spend...

Ngày tải lên: 10/08/2014, 11:20

... large as the old 10-Ks and 10-Ks that are as impenetrable as Vergil s Aeneid—in Latin and even though the Accounting Standards Board, after months of delays and false starts, is actually up and ... where at least the odds are known and posted Simply hoping that prosecutors and regulators and Congress will be able to rout out or legislate against corporate fraud and overly aggressive accounting ... year Many companies either post these reports or provide links on their own web sites They are also available on the SEC s Edgar database at www.sec.com/edgar and on several subscriptionbased...

Ngày tải lên: 10/08/2014, 11:20

... 46, see also Debt, off-balance sheet Financial Accounting Standard (FAS), 87 See also Financial Accounting Standards Board (FASB), pensions Financial Accounting Standards Board (FASB): options, ... Management s Discussion and Analysis, p 52 13 IBM, 2002 10-K, Notes to Consolidated Statements, Note S, Subsection E, p 91 14 IBM, 2000 10-K, Management s Discussion and Analysis, p 57 15 “Altria ... Indrani De Basak and Michelle R Clayman, “Tax Rates and Stock Returns: An Empirical Analysis of the Information Content of Corporate Tax Rates,” New Amsterdam Partners LLC., February 2003, p...

Ngày tải lên: 10/08/2014, 11:20

... the arts and sciences have taken their rise from our wants; either such as are primary, that is, those which man feels when solitary and abandoned to himself; or the secondary, that is, those ... in his presence, the author 's panegyric does not more than him justice Cardan was born at Pavia in 1501 He was famous for his physical talents, and his skill in astrology; the fashionable study ... tyranny, which his more sagacious predecessor had always rejected, had perhaps as great a share as the causes mentioned by our author, in reducing the Spaniards to the low ebb at which they have...

Ngày tải lên: 05/11/2014, 13:29

Ngày tải lên: 11/03/2015, 08:00

... HEDPERF scale (including six aspects: non-academic aspects, academic aspects, reputation factor, assess factor, program issues, understanding factors) and puts perceived tuition as an independent variable ... institutions in developing a professional image  Factor4: access This factor consists of items that associate with such issues as approachability, ease of contact, availability and convenience  Factor5: ... (Reputation scale); Acces1, Acces2, Acces3, Acces4, Acces5, Acces6 (Access scale); Undst3, Undst4 (Understanding scale); Progr5 (Program issues scale) These items also did not break the content validity,...

Ngày tải lên: 01/06/2015, 20:20

Ngày tải lên: 23/03/2014, 05:23

... speakers 37 French speakers 52 Italian speakers 73 Speakers of Spanish and Catalan 90 Portuguese speakers 113 Greek speakers 129 Russian speakers 145 Polish speakers 162 Farsi speakers 179 Arabic ... Arabic speakers 195 Turkish speakers 214 Speakers of South Asian languages 227 Speakers of Dravidian languages 244 Speakers of West African languages 251 Swahili speakers 260 Malay/Indonesian speakers ... 27 Speakers of Scandinavian languages In some cases where English nouns are in the plural, singular nouns are used in the Scandinavian languages Possible mistakes: *a pyjama *a scissor *the custom...

Ngày tải lên: 17/08/2013, 08:35

... I caught that game early Now the first question I ask a salesperson is, “Can you sell me a car?” The 154 Seven Steps to a Successful Business Plan answer is always a startled affirmative I then ... 172 Seven Steps to a Successful Business Plan This is a classic story of a production plant not having clarity of its mission Was it a custom job shop, a standard production line, or a combination ... shapes and forms Employees will passionately charge that 158 Seven Steps to a Successful Business Plan the organization no longer cares about the quality of its products They see the company as...

Ngày tải lên: 24/10/2013, 09:20

... this analysis as their general knowledge that they can explain for their students if necessary For Advertisers and Companies Using standard words and structures in slogans aims to arouse and persuade ... impressive With the slogans of these companies, the of companies… or in foreign and Vietnamese newspapers, magazines In brand names always remain in consumers’ minds addition, the data analysis was ... traditionally, a phrase is a group of words that does not b Sentences contain a verb and its subject and is used as a single part of speech” Sentences are classified in many different ways depending...

Ngày tải lên: 26/11/2013, 13:23

... THEORETICAL BACKGROUND 2.2.1 Word Classes and Phrases 2.2.1.1 Word Classes Word classes are categorized into closed-system items and open-system ones Closed-system items consist of functional words such ... grammatical properties and structural possibilities as other members They are composed of lexical words such as nouns, verbs, adjectives and adverbs 2.2.1.2 Phrases a Noun Phrase b Verb Phrase ... Vietnamese company names The proper names are usually people s names, names of cities, provinces and of countries People s names are most popularly used in the English company names whereas names...

Ngày tải lên: 26/11/2013, 13:26

... bodies, like courts and legislators, are institutions So too, are informal rules that shape and limit transactions, like common business practices, cultural attitudes and values, and reputation, and ... others from using the goods that are yours Not all goods and services are rival and excludable Economic theory has treated goods and services that are neither rival nor excludable as a special case— public ... differences in business organization and strategy, social acceptance of risk taking, and inter-firm collaboration and labor mobility as key factors in shaping this outcome She argues that Silicon Valley...

Ngày tải lên: 24/01/2014, 00:20

... are established by NIEHS and EPA, with a research emphasis on children s asthma and other respiratory diseases, as well as ways to reduce exposure to pesticides for children in agricultural settings ... interactions among basic scientists, clinicians and behavioral and social scientists n Generate data from multiple scientific disciplines to understand the persistent effects of chemicals and other ... compounds and their potential effects on development and learning Environmental factors in diseases such as asthma, immune disorders, autism, and obesity are also being studied An additional component...

Ngày tải lên: 12/02/2014, 19:20

... including diseases such as malaria, anemia, HIV/AIDS, and cardiovascular disease that are aggravated by pregnancy •• For every woman who dies, at least 30 others suffer serious illness or debilitating ... continued… A Journalist s Guide To Sexual and Reproductive Health In East Africa 31 Adolescents and Young Adults Adolescents and Young Adults Adolescents and Young Adults Early Marriage and Childbearing ... deliveries), anesthesia, and blood transfusions; management of problems such as anemia and high blood pressure; and special care for at-risk newborns •• Rates of postnatal care are even lower than...

Ngày tải lên: 13/02/2014, 10:20