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Re:Fantasy Math Is Helping Companies Spin Losses into Profits by Animats on Monday April 25, 2016 @07:59PM (#11568350)
Yes. And journalists cooperate by publicizing non-GAAP figures. My general position, having run Downside.com, is that you're only a "growth" company for a short period, three years at most after you have a product. After that, you better have good GAAP numbers.

When was the last time you saw an "extraordinary item" in a footnote that was excluded from making the earnings look better? Have you ever seen one?

EBDITA is called "earnings before all the bad stuff" by value-oriented analysts.

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