Enron's practice of using prepaid transactions to understate debt and overstate cash flow from operations made its financial statement look much stronger that in turn helped Enron maintain its investment rate credit rating and support -- even boost -- its share price,
Quotes about understate (8 Quotes)
I cannot understate the ability to handle classical texts such as Shakespeare.
I don't think we want to understate how important it is for the semiconductor industry.
Particularly with the volatility in the stock markets and bond markets, they ended up undervaluing the investment assets by about 130 million. When you understate the value of the state's assets by 130 million, which is a fairly big piece of change, it could have some affect on investment decisions and potentially on bond ratings.
I think that we have to be constantly asking ourselves, 'How do we calculate the risk?' And sometimes we don't calculate it correctly; we either overstate it or understate it.
Without David, we don't make the postseason. David made an enormous impact on this team, and you can't understate his impact in the clubhouse. Congratulations to Alex. Either one of them could have won it. Both had MVP years.
Looking only at 'affected areas' could understate the storm impacts, due to linkages between ports and more distant facilities.... we know that jobless claims have fallen off sharply as we moved past the storm impacts, another hint of underlying labor market vitality.
Let me be clear, we do not want to overstate the risks, we do not want to understate the risks, ... We need to get good information out to folks as soon as possible.