Elite Pharmaceuticals Inc (ELTP)

[namtae]

Complete nonsense

Any professional worth his/her salt places overwhelming weight ona companies OPERATING PROFITS, as "the measure" of a companys efficiencies

As we can see in Elites Q2, they had an OPERATING PROFIT of $1,340,257

In contrast we are offered the following misleading bunch of useless BS:

In Q2 they had total revenues of $7,399,892 - a reduction of 1.8% - and they had a net profit of $2,484,062 – an increase of 2.99X

.

But lets examine more closely./

We find a change in fair value of derivative instruments increasing net income by $1,220,069

Yet everyone knows changes in fair value of derivatives is merely an accounting entry - it does not represent cash income, it does not effect the real P&L of a company.

Yet we have to somehow stomach the reasoning that a change in derivative fair value is the result of Elites improved business

HOGWASH!!!