What, other than potential fraud would be the advantage of counting "projected earnings" as current income?
The "shout and cheer" from the office speaks volumes about the crooks in charge....may they rot in hell.
Enron shares were trading at slightly more than $36 a share.
In the third week of August, Chung Wu, a UBS PaineWebber broker in Houston, e-mailed 73 investment clients saying Enron was in trouble and advising them to consider selling their shares. Some of his clients were Enron executives, and the managers of the company's stock option plan soon heard about Wu's action. They demanded that he be disciplined.
PaineWebber handled personal investing for many Enron top executives, and the firm itself was recommending Enron to investors as "a strong buy." PaineWebber later said it fired Wu because he gave clients advice contrary to the company's without authorization.
Why we never seem to get "sell" advice from the "stock experts"