Saturday, November 03, 2007
More to the bottom line debate than meets the eye
Can you hear the screams? They are howls of anguish from investors, analysts and bankers at the very idea their beloved earnings number might disappear.
Net income, the bottom line - call it what you will, it's one number everyone knows, even if it is only as one half of the price/earnings ratio, the main gauge of corporate value used the world over. Just look at the tables in the back of the Financial Times - it's there.
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