User 305589

There's Been No Basis for Earnings Fear So Far

Highly superficial article with zero content (not to speak of alpha)
I suggest you read something really sensible and well-thought on the earnings that are coming in (and those that have to be expected for the next quarters):

www.frontlinethoughts....

aporpos, Goldman Sucks.
GS changed the reporting period. if you include the december losses that they 'avoided' by that maneuvre their 'earnings' look much less impressive.

Goldman claims to have 'earned' 20 billion $ over the past five years but if you look at the cash flow statement they LOST 100 billion in cash. Since balance sheet and cash flow statements are harder to manipulate than the income statements (where you can basically report any 'earnings' you desire) I am inclined to say that things are much worse at Goldman Sucks than they appear at first glance. Add to this theat Buffet only purchased preferred shares at very punitive terms to goldman (above all the GS parthers are not allowed to cash out before him!). Add to this that their equity is LESS than their L3-assets alone. All of a sudden you know WHY they changed their reporting period in order to report seemingly good 'earnings' only to hastily make another secondary 5 bn offering.