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[rainmaker] 03/7/2002 00:58

Well,Freddie, it's the same as it's always been, Caveat Emptor.Changes in depreciation policy,capitalisation of costs etc,etc and there're legitimate.And of course,there's always been a clear conflict of interest for the Accountants.
Investors would be well served to think and act independently of the crowd, more so now that ever!and WYSIWYG unless it's Enron,Zerox
A couple the sayings spring to mind for the benefit of any nervous new Investors "Cash is a fact and everything else is a matter of opinion" and "We get suspicious when a Business reports profits without generating cash"-the wily Lord Weinstock.



Some lovely Hi-Tec Bargains around at the moment.

Regards

[ydderf] 03/7/2002 00:16

Fraud by another name? Check the balance sheets of some FTSE stocks, negative shareholders funds, drowning in debt, off balance sheet shenanigans, you don't need to be an auditor to see whose being shafted - 10% of FTSE companies are practically insolvent - name and shame? they are obvious to any numerate investor - oh i nearly forgot, your fund manglers aare still busy doing in your dosh on this load of tosh ( they call it index tracking!)