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Target Corporation |
You show me the great numbers on a great stock, and then tell me the
CFO isn't cooking the books. Gut feeling, reality. I would never buy
a stock on it's numbers. I used to do corporate bankruptcies for
Harvard lawyers helping to bail out the investors who believed in
somebody's great numbers. I actually mailed out the Charles Keating
"sorry folks, you lost everything" to their investors. Numbers can
lie big time. That's the best way to lure investors to a stock, just
cook the books. I see a really bad company out there, and the numbers
look too good to be true, hey, people lie. Human frailty. I can only
invest in something I see or I know. I can give a rat's hat for a
spreadsheet because the CFO is in there somewhere. I don't know this
person, I haven't seen the files, all I'm looking at is a
spreadsheet. I'm not looking at the receipts or the invoices. Hey -
it goes on all day long.