Rewritten Thread: XIN's P/E Discount With Its Peers
Sure, everyone window dresses. I am old school and think that is part of a good CFO's job. With an understanding of the connection of the three core statements and GAAP, it becomes clear. One saves a little wear and tear from the casual user of the statements.
The balance sheet is meaningful on an annual basis. The quarterlies have too much going on to be meaningful. The Qs give a sense of trends in the income statement.