Earnings Cheating Season: Is Your Favorite Company Cooking the Books?
MishTalk
OCTOBER 30, 2014
In his latest Global Strategy Report , Albert Edwards at Societe Generale discusses " earnings season " which he calls " cheating season ". Not only has there been zero bounce, but next year''s expectations continue to be downgraded with 65% of all estimate changes to 2015 currently coming through as downgrades. If so (i.e.
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