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Re: my3sons87 post# 26980

Tuesday, 05/20/2003 12:35:15 PM

Tuesday, May 20, 2003 12:35:15 PM

Post# of 433038
From CFRA's website.....

Mission and Background

Since 1994, CFRA, Inc., has been a leading independent financial research organization serving the investment community. Its quality-of-earnings analysis on more than 1,900 North American and European, Japanese, and Asia ex Japan companies is delivered daily over the internet to over 4,000 professionals at leading mutual and hedge funds in North America, Europe and Asia. CFRA warns investors, creditors, and other stakeholders about companies displaying deteriorating operational indicators, particularly those that employ unusual or aggressive accounting practices that camouflage such problems.

CFRA evolved out of Dr. Howard Schilit's decade-long academic research on financial debacles at public companies. As author of the leading book on the subject (FINANCIAL SHENANIGANS: How to Detect Accounting Gimmicks and Fraud in Financial Reports - 2nd edition, March 2002), Dr. Schilit and his team have warned investors about many recent accounting frauds.



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