WorldCom was eerily meeting its earnings targets precisely. One analyst did, however, notice that WorldCom was making

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WorldCom was eerily meeting its earnings targets precisely. One analyst did, however, notice that WorldCom was making its targets for several quarters in a row within fractions of cents.

“When you see that they’re making it by one onehundredth of a penny you know the odds of that happening twice in a row are very slim. It indicates they’re willing to stretch to make the quarter.”428 Are investors to blame for relying on the precise numbers and predictions? Shouldn’t they have acted with greater skepticism?? p-9687

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