Wed, Jun 19, 2013, 3:53 AM EDT - U.S. Markets open in 5 hrs 37 mins
Amascam has massive unreported expenses related to paid foreign income and foreign corporation taxes.
Scamazon has not reported these expense items since GAAP was changed to allow for non-repatriation.
Scamascam has been very careful to not recognize these expenses, as allowed under post-tarp GAAP.
If it had,, the small profit as reported over the last year would actually be a notable and consistent loss on the P&L.
And you wonder why the scammer floated that bond deal? Come on...