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There's a difference between "we have never been profitable and don't expect to be" and, say, Google's "we became profitable, and though there are factors that
by troupo 2y ago
There's a difference between "we have never been profitable and don't expect to be" and, say, Google's "we became profitable, and though there are factors that can negatively affect our profitability, here's a path we believe is most profitable".
In modern business profitability never enters the equation.
- quesera 2y agoBut my point is that one of those statements will exist in every filing. If the corp has never been profitable, the first. Otherwise, the second. They mean absolutely nothing about what management expects for the future of the company. They are just legal boilerplate that is always included.