Grupo Resilient International Inc (GRUI)

[WardOffMonkey]

Apparently so did the CFO at Northrop Grumman as well as Scottrade and many other sites that quote stocks.

From the first page of the Northrop Grumman 10-Q filed 4/24/07:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000950134%2D07%2D008861%2Etxt&FilePath....
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

As of April 20, 2007, 345,110,288 shares of common stock were outstanding. Note: This is the number of shares quoted by NASDAQ, NYSE, and Scottrade, and also what they base their Market Cap calculations on.

Further into the 10-Q we find:
http://secfilings.nasdaq.com/edgar_conv_html/2007/04/24/0000950134-07-008861.html#V29442E10VQ_HTM_11....
7. EARNINGS PER SHARE

Basic Earnings Per Share – Basic earnings per share are calculated by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during each period.

Diluted Earnings Per Share – Diluted earnings per share include the dilutive effect of stock options and other stock awards granted to employees under stock-based compensation plans, and the company’s mandatorily redeemable convertible series B preferred stock. The dilutive effect of these potential common stock instruments totaled
13 million shares (including 6.4 million shares for the preferred stock) and 7.5 million shares for the three months ended March 31, 2007 and 2006, respectively. The related dividends on the preferred shares are added back to the numerator to arrive at income available to common shareholders from continuing operations. The dividends and shares related to the preferred stock were not included in the diluted per share calculations for the three months ended March 31, 2006, because their effect was not dilutive to earnings per share. The weighted-average diluted shares outstanding for the three months ended March 31, 2007 and 2006, exclude stock options to purchase approximately 74,000 and 700,000 shares, respectively, since such options have an exercise price in excess of the average market price of the company’s common stock during the period.

Diluted earnings per share from continuing operations are calculated as follows:


Three Months Ended
March 31
$ in millions, except per share 2007 2006
Diluted Earnings per Share
Income from continuing operations $ 387 $ 362
Add dividends on mandatorily redeemable convertible preferred stock 6
Income available to common shareholders from continuing operations $ 393 $ 362
Weighted-average common shares outstanding 345.3 343.3
Dilutive effect of stock options, awards and mandatorily redeemable
convertible preferred stock 13.0 7.5
Weighted-average diluted shares outstanding 358.3 350.8
Diluted earnings per share from continuing operations $1.10 $ 1.03
____________________________________________________________

The weighted average duluted shares outstanding(underlined above) of 358.3 million shares is the Common outstanding of 345.3 million shares reported at the beginning of the 10-Q plus the 13 million dilutive shares. The 345.3 million differs slightly from the 345.1 million reported at the start of the 10-Q for outstanding Common likely because of the ongoing share repurchase program.

You are wrong Leo. Be a man and face it.