Really good “Ahead of the Tape” WSJ column by Mark Gongloff from Friday: “Investors, It Pays to Mind the GAAP Gaps”. He discusses the widening gap between operating earnings and GAAP earnings over the last 15 years. From the chart,…
As I wrote a few weeks ago, in my review of Yahoo!’s 3rd quarter, changes in stock options accounting made Yahoo!’s quarter seem worse than it was. In an aside in that post, I also mentioned my criticisms of the…
The market responded negatively to Yahoo!’s mediocre 3rd quarter – even though everybody knew it was coming! Yahoo’s shares lost $1.16 yesterday to close at $22.99 on volume of almost 112 million shares. The shares have bounced a bit today and…