7 ms·
I may be a bit daft here but in what way is this related to the work of accountants? The number isn't wrong, there's just context that's easily missed. The "buy
by hnarn 7y ago
I may be a bit daft here but in what way is this related to the work of accountants? The number isn't wrong, there's just context that's easily missed. The "buyer beware" logic can be used for a lot of things ad infinitum, you could argue the same thing about a company straight up lying about certain sales possibilities etc. but that would legally be fraud, so it's not black and white.
- bradleyjg 7y agoIt would be a failure if there was no way of telling from the financial statement what was going on.
- jsight 7y agoIt isn't accountants. It is all the financial advice and teaching that focuses on Price to Earnings as a meaningful way to measure valuations at the exclusion of a lot of other equally meaningful metrics.