The primary focus of the security analyst should be the firms real economic earnings rather than its
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The primary focus of the security analyst should be the firm’s real economic earnings rather than its reported earnings. Accounting earnings as reported in financial statements can be a noisy estimate of economic earnings, although empirical studies reveal that reported earnings convey considerable information concerning a firm’s prospects. p-696
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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