[7/12/05] Another good article referenced from Fat Pitch Financials
I like to look for companies that grow earnings year after year, but earnings can be manipulated. That's why I also like to look at sales and I think I'll start looking more at free cash flow (provided by morningstar). But the point is even those trends don't last forever.
The conclusion: "there are very few really great businesses".
[8/8/05] Gaming a financial statement to meet earnings expectations has its own colorful nomenclature: cookie-jar accounting, channel stuffing and "the big bath."
[8/18/05] Earnings can be manipulated -- and even when they aren't, they can be unintentionally deceptive. No single measure of corporate performance or stock value is perfect or totally tamper- proof. That's why many professional investors look at stocks using several different measures.
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