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Re: EarnestDD post# 16643

Wednesday, 08/01/2012 10:20:45 AM

Wednesday, August 01, 2012 10:20:45 AM

Post# of 38473
NDR and Whitesburg projections overstated by 10x.

It's interesting to note that projections from NDR and Whitesburg both appear to be 10 times in excess of what they should be.

It seems to me that the approach to projections is: multiply a reasonable number by 10; attach a 'forward looking statement' disclaimer; and then issue a PR.

Question: why is there no 'profits warning' when it is clear that actual results are 90% shy of those projected?

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