February 4, 2002
Stocks Slide Amid Fears
Of Dubious Accounting
By PETER EDMONSTON
THE WALL STREET JOURNAL ONLINE
Shares tumbled Monday as unnerving disclosures from companies such as Tyco and Global Crossing fed concerns about the trustworthiness of corporate accounting.
BRCM, along with 2,400 (according to the Safemoneyreport published by the Weiss Group) plus other publicly listed companies have a considerable discrepencies in reported earnings as compared to the actual cash assets shown on financial statements, as I have outlined in past writings. BRCM is one of the leaders, from what I can tell, in creative accounting.
When was the last time you looked at gold stocks?