Joe Watts, an analyst at EMH Securities, states: I dont know why anyone would ever try to

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Joe Watts, an analyst at EMH Securities, states: “I don’t know why anyone would ever try to value earnings. Obviously, the market knows that earnings can be manipulated and only values cash flows.” Discuss.

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Business Analysis Valuation Using Financial Statements

ISBN: 978-1111972301

5th edition

Authors: Paul M. Healy

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Question Posted: Feb 11, 2015 02:44 AM

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Joe Watts, an analyst at EMH Securities, states: I dont know why anyone would ever try to

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Valuing earnings is an alternative way of valuing a company even if earnings can be manipulated Note ...View the full answer

Business Analysis Valuation Using Financial Statements

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