Financial Fine Print Uncovering a Company’s True Value phần 1 potx

... Key SEC Filings 16 5Appendix B A Brief Walk through Qwest’s Fine Print 16 9Notes 17 5Index 18 3ftoc.qxd 7 /15 /03 9:56 AM Page x Financial Fine Print Uncovering a Company’s True Value MICHELLE LEDERJohn ... www.wiley.com.Library of Congress Cataloging-in-Publication DataLeder, Michelle. Financial fine print : uncovering a company’s true value / by Michelle Leder.p. cm.ISBN 0-4 71- 43347-0 1. Corporations—Valuation. ... about a company’s real financial health.Details about many of the big corporate scandals that have domi-nated headlines in recent years and which have caused manyinvestors to lose faith in the...

Financial Fine Print Uncovering a Company’s True Value phần 3 ppsx

... 7 /15 /03 11 :36 AM Page 29c02.qxd 7 /15 /03 11 :36 AM Page 36 Financial Fine Print 28piece of the business and look closely at whatever additional disclo-sure the company provides on the topic. At ... are the company’s revenue recog-nition policies and depreciation rates, two items that can have a c02.qxd 7 /15 /03 11 :36 AM Page 30 Financial Fine Print 46Given the growing amount of information ... canbe legitimate reasons for both, these are two well-known areasof abuse. R ED F LAGc02.qxd 7 /15 /03 11 :36 AM Page 31 Reading the Fine Print Like a Pro35investing billions of dollars each...

Financial Fine Print Uncovering a Company’s True Value phần 4 pot

... International 19 Waste Management 19 # of Quarterly Company Charges/GainsAlbertsons 18 AT&T 18 BMC Software 18 Dana 18 Du Pont De Nemours 18 International Paper 18 Goodrich 17 Ryder System 17 Sun ... releases and financial reports need tomaintain a healthy skepticism and accept no statement at face value, ” the Bear Stearns report warned. “Since [pro forma] earn-ings are almost always higher than ... saidthat GAAP actually means government’s arbitrary accounting prin-ciples.“I’ll be damned if I’ll let accountants take Cypress’s real andhard-earned profits away from our financial report card...

Financial Fine Print Uncovering a Company’s True Value phần 5 doc

... options may be giving too much of the com-pany away.R ED F LAGc05.qxd 7 /15 /03 10 :03 AM Page 74 Financial Fine Print 82Almost all companies report two earnings per share numberseach quarter: basic ... blasé about these types of arrangements.CHAPTER 6All in the Familyc06.qxd 7 /15 /03 11 :39 AM Page 85Optional Illusions 81 an option to buy a share for $10 and then turns around and sellsthat ... pro forma amounts that are disclosed in accordance with SFASNo. 12 3 reflect the portion of the estimated fair value of awardsthat was earned for the years ended December 31, 2002, 20 01 and 2000.Source:...

Financial Fine Print Uncovering a Company’s True Value phần 6 docx

... individualinvestors,” says Paul Hodgson of The Corporate Library. “This kindof behavior says a lot about the management as a whole.”c06.qxd 7 /15 /03 11 :39 AM Page 10 2 Financial Fine Print 98Grass ... fiscal year to a calendar year in 19 98 and numbers forthat year are for a nine-month period.EXHIBIT 6.2c06.qxd 7 /15 /03 11 :39 AM Page 95 Financial Fine Print 10 020 01 proxy, the company disclosed ... 7 /15 /03 11 :39 AM Page 96 Financial Fine Print 10 4actually declined. That make-believe gain shows up on the incomestatement and can make both net and operating income look better than they actually...

Financial Fine Print Uncovering a Company’s True Value phần 7 pot

... it’s not a factor. But when you have three years of a downturn, it becomes a very big problem.” Financial Fine Print 12 4c07.qxd 7 /15 /03 10 :05 AM Page 12 4 Financial Fine Print 11 4“The rate of ... andCHAPTER 8Debt by Many Other Namesc08.qxd 7 /15 /03 10 :10 AM Page 12 5 Financial Fine Print 12 8says, he tended to avoid companies that he believed had big off-balance sheet exposure or that ... Motor,” The WallStreet Journal, February 21, 2003, p. A1 .IN FOCUSc07.qxd 7 /15 /03 10 :05 AM Page 11 2 Financial Fine Print 12 6Contingencies” footnote that it had some sizable debt-like obliga-tions—items...

Financial Fine Print Uncovering a Company’s True Value phần 8 pdf

... theoreti-cally, the corporate tax rate is 35 percent, few companies actuallyc09.qxd 7 /15 /03 10 :52 AM Page 14 2 Financial Fine Print 13 4although presumably, as a partial owner of SCC, it would havesome ... investors for no apparent reason.R ED F LAGc09.qxd 7 /15 /03 10 :52 AM Page 15 1 Financial Fine Print 14 2few investors have access to a company’s corporate tax returns.“Yet the bigger the gap between ... company’s balancesheet. In a typical synthetic lease, a company’s financial partner— a bank or other financial institution—creates an SPE to own a pieceof property, say a new headquarters building...

Financial Fine Print Uncovering a Company’s True Value phần 9 pptx

... changes,” says Turner, who after leaving theSEC in August 20 01 began teaching at Colorado State University’sCHAPTER 10 Changing the Worldc10.qxd 7 /15 /03 10 :53 AM Page 15 3 Financial Fine Print 16 0corporations ... in a long lineof upstart telecommunications companies until it purchased USAPPENDIX B A Brief Walkthrough Qwest’s Fine Print bapp02.qxd 7 /15 /03 10 :55 AM Page 16 9 Financial Fine Print 15 2What ... raise concerns about the company’s approach to corporate governance?bapp 01. qxd 7 /15 /03 10 :55 AM Page 16 8 Financial Fine Print 15 8companies whose corporate executives really try to do the rightthing...

Financial Fine Print Uncovering a Company’s True Value phần 10 pps

... 10 3 10 6, 10 8 11 1, 11 5 11 6, 11 8, 12 0 12 3, 16 7benefits, 10 6Enron, 26footnotes and, 15 , 26–27, 10 4 10 5, 12 0 12 3net income, 11 6 11 7operating income, 11 8 11 9overfunded, 11 0rate of return, 10 4, ... Corp., 12 , 42,45, 10 6 10 7, 11 8, 13 5, 14 3, 14 6 14 7, 15 9General Motors Corp., 11 , 46, 10 4, 10 6 10 7, 11 0, 11 2 11 3, 11 5, 12 3 12 4General Re Securities, 14 5Gilbertson, Robert, 78Glassman, Cynthia A. , ... 10 6, 11 0, 11 3 11 4, 12 4, 14 3Index 19 0bindex.qxd 7 /15 /03 10 :57 AM Page 19 0 17 5Chapter 1 1. Arthur Levitt with Paula Dwyer, Take on the Street: What WallStreet and Corporate America Don’t Want...

a handbook of japanese grammar phần 1 potx

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