one of the issues that non-accountants often misunderstand is that accounting theory is not black and white but somewhat open to interpretation. There are often disputes as to revenue recognition and other items. Don't just assume criminality.
Agree, accounting issues are peanuts....a small error in a small part of the operation. No effect on cash flows or distributions. Is probably a valuation issue or mismatch of expenses with related revenues.
GAAP is far from perfect even when practiced perfectly.
Lemming knee-jerk on downgrade was perfect buying opportunity, imo. I love that tax-sheltered yield.
i'm showing earnings monday then c/c tuesday... should be very interesting to see the NEW numbers then hear the explaination and questions on accounting screw up. might be a wild ride next week... have not seen any mention of distribution so i'm gonna guess we hear tuesday at c/c? looks late compared to past exdates unless i'm missing something... good weekend and glty next week, holding tight for now