Wed, Apr 16, 2014, 8:57 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

China Power Equipment, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • irbbping irbbping Mar 30, 2010 7:18 PM Flag

    10K out

    further thoughts-isn't this a dumb way of presenting this, they earned 0.28 per share less a one time charge. Am i wrong in assuming that this is a future liability that by law had to be written off in total now, even if it does not have any significance for right now ?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Stupid way to do it. Management does not make sense, they did it all wrong and still they didn't learn anything from the past.

      • 1 Reply to islanders3333
      • >>Stupid way to do it. Management does not make sense, they did it all wrong and still they didn't learn anything from the past.<<

        Hmmm. Business seems to be growing. Operational earnings were quite good. Will be moving towards further manufacturing capacity so that they don't have to sub-contract so much.

        They have a net loss because they account for preferred stock in a way that is a one time, non-cash write-down. This might result in a hit to the market price, at least for a while.

        If it bothers you that they did it that way [how else could they do it--China North East Petroleum (NEP), for example, tried to get around such a thing and ended up having to restate past earnings and is suffering in the market] I suggest that you sell and move on.

        As for me, I like quite and neat write-offs that are easy to understand and do not have future ramifications.

        So helpme_hanna

 
CPQQ
0.16020.0000(0.00%)Apr 14 12:55 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Google Inc.
NasdaqGSWed, Apr 16, 2014 4:00 PM EDT
SandRidge Energy, Inc.
NYSEWed, Apr 16, 2014 4:01 PM EDT