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DewDiligence

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Re: iwfal post# 107644

Monday, 11/01/2010 12:15:04 PM

Monday, November 01, 2010 12:15:04 PM

Post# of 257580

…one-time distortions added by start up (e.g. if starting inventory was done on R&D then the COGS will look better than they really are)

Actually, the one-time startup distortion was in the opposite direction, making the COGS number worse rather than better because 3Q10 COGS included an inventory write-off for expired product.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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