Carmine wrote:
....privately owned companies, like dyson, are hesitant to report honest broker figures in bad times for fear of the industry ripple effects. They spin the numbers to their advantage. So Dyson is in the numbers racket, eh? ROFLMAO! Good one Carmine!
Trebor
In good times, numbers take care of themselves. In bad times, the numbers do businesses in. Let's see: Linen-N-things. Out of business. Circuit City. Out of business. Many others tettering on the brink will go under. Good business people, whether they like to or not, have to know and manage the numbers. Even more so in the current bad times. You're only as good as your latest numbers. Most retailers no longer report quarterly sales amounts and earnings. In good times, they couldn't wait to announce and broadcast. Word sent the companies' stock prices soaring on Wall Street. Now, in bad times, one by one all the retailers have added their names to the list of businesses that don't report these numbers every quarter. They know the numbers. Still collect and review them. But they don't want to share any more wth the "street." Have to massage and spin to put them in the best light.
Alos note, the US stock exchanges have altered their rules on delisting stocks for trade. Use to be, anytime a stock went below $1.00 it was de-listed off the AMEX, NASDAQ, and NYSE. No more. They continue to trade. If the rule was still enforced, hundreds and thousands of companies wouldn't be traded publicly. Numbers! Necessary evil of business.
Carmine D.
