Originally Posted by
p3flteng
But dont they often adjust the numbers to suit thier need when reporting profit, like taking one time stock adjustments for revaluation, or paying down debt to still show losses, while actually making gains?
With contract impending in 2012, what incentive do they have to actually report profits correctly? And does that not drive the price of the stock at least short term when the quarterlies are reported? I think the upside is good, but not for at least 5 years...post contract to about 20 ish range. Of course its all a guess, my crystal ball is in the shop right now for repairs. ...... Although I am still in with stock as of yet.
Most Wall Street Investors, and pilots a like are smart enough to read a 8K and 10K filing. There is a significant difference between operational profit and total P and L. If they pay down debt, and that lowers our total profit or drops the actual bottom line in to the red for a quarter, wall street will look at the operational profit to see what the business is really doing. Both numbers matter. Our profit sharing is off of operational not total for a reason. All of those GAAP costs are backed out.