There might conceivably have been a bit of creative accounting. This tends to happen when companies are defending themselves. They want to show the situation under current management looks as positive as possible.
More Quotes from Roger Nightingale:
It looks as almost nothing is off limits. Almost everything is capable of being taken out, either by a bigger rival or private equity firm.Roger Nightingale
The earnings momentum will accelerate. The gap between price increases and labor costs is very wide.
Roger Nightingale
A good deal of today is due to Microsoft. While being disappointing, this will only have an effect for a day. We're going to see the market go up further.
Roger Nightingale
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