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Last full year (2021) was profitable if you ignore a massive one time shareholder litigation settlement payment. Usually one ignores these one time hits to eval
by hristov 4y ago
Last full year (2021) was profitable if you ignore a massive one time shareholder litigation settlement payment. Usually one ignores these one time hits to evaluate the normal ongoing operation of the company.
- 93po 4y agoI would argue that settlement payments are an indicator of poor management, and unless something happens like a buyout then you can assume poor management will continue and there will continue to be risks of things like settlements.
- kgwgk 4y agoAs I said, for some (not-so-perfect) values of "perfectly profitable". For the curious the impact on net income was 766 millions.