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Cubic Corporation Message Board

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  • IMO, these accounting problems are due to a new management, combined with an historically complex business model doing long term government sales and not knowing exactly when revenue should be recognized. While the old regime was conservative, they were outside the new GAAP standards.

    At some point this will be resolved. However, in no way should this be considered a scandal.

CUB
48.47-0.57(-1.16%)Apr 23 4:04 PMEDT

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