from Wolf Street:
We have long grinned painfully at the ways in which Corporate America and analysts collude to present the quarterly earnings charade in the rosiest light possible. But now, it seems they have reached the end of their magic tricks, and reality is showing through in an increasingly terrible trend.
Analysts concoct sky-high earnings-per-share expectations for quarters in the distant future to obtain “forward-looking,” pro-forma, adjusted, ex-bad-items fictional P/E ratios that they then bandy about to raise “price targets” and justify ludicrous stock valuations.
image:bicephalik.blogspot.comHelp us spread the ANTIDOTE to corporate propaganda.
Please follow SGT Report on Twitter & help share the message.