Company executives know exactly when to play the big loss GAME,
it is usually timed when others are in the dumper and bad news all around. Then they reach into their accruals and begin to write down losses they have carried for who knows how long. Then in an environment like we have right now, let's call it the bail out environment or the free money debacle, then the same executives know exactly when to time putting their hand out. All the economic indicators are pointing down, the media has only one color in their bucket, called bad news...so out comes the me too captians of industry.
For companies that have been doing forecasting for years...that have to have numbers for share holders each and every quarter....they know where they have to be production wise, sales wise, cash wise, shareholder value wise and work the plan accordingly.....does anybody think they had some idea months ago they could run out of cash if thus and so occurred or did not? Of course they did. Now that the government is handing out free money they have their books arranged to show why they deserve some too.
It is a game. Having been there I can assure you it is a well orchestrated GAME.
Not a problem though. After all we own the presses that print the money...right! Just crank out some more. Once upon a time there used to have to be something to back up the printed money. I believe that too has gone by the wayside.
ITSA GAME! And the silent majority....we the people are the losers....AGAIN!!
BTK
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