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> How long does this supposed fraud take to show up? Estimating things is non-trivial. It's not fraud for your depreciation estimate to be off by a few percen
by onlyrealcuzzo 2y ago
> How long does this supposed fraud take to show up?
Estimating things is non-trivial.
It's not fraud for your depreciation estimate to be off by a few percentage points.
Banks regularly set their loss provisions artificially low or high to smooth earnings.
- lotsofpulp 2y agoI don't understand the point you are trying to make. If the estimates are incorrect, then they will show up after decades of operating as a business, being realized via the sale price of the ships or repair costs or whatever. The profit margins reported in the 10-Ks seem like an an accurate estimate of what a big cruise company can expect to earn, based on the current best management practices and technology.