Is this the new Enron in the making?

Discussion in 'UPS Discussions' started by Ou812fu, Apr 3, 2020.

  1. Ou812fu

    Ou812fu Polishing toilet bowls since 1966.

  2. Ou812fu

    Ou812fu Polishing toilet bowls since 1966.

  3. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    What if find more interesting is your comparison to Enron. Care to expound?
     
  4. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    No
     
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  5. Ou812fu

    Ou812fu Polishing toilet bowls since 1966.

    No, I'm not the financial guru like you. So I'll leave it to your own interpretation.
     
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  6. Wally

    Wally BrownCafe Innovator & King of Puns

    No dating during this pandemic!
     
  7. rustys954rr

    rustys954rr Member

    They both use capital E's in their logo...it's a sign.
     
  8. Yolo

    Yolo Active Member

    Slashed his salary but probably gave him a massive bonus and a :censored2:load of stock to make up for it.
     
  9. zubenelgenubi

    zubenelgenubi Well-Known Member

    Are they switching over to market-to-market accounting?
     
  10. barnyard

    barnyard KTM rider Staff Member

    Enron boosted their reported earnings by marking future earnings on financial reports. If they thought demand would be up, they added the profits from that forcasted demand. If it did not happen, they found other demand that they could made a profit on the forecast.

    The story of what they did is really interesting, in a bend over and take it, kind of way.
     
  11. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    Enron was my first experience with day trading------did not work out very well for me (or any of the other shareholders).