Quote:
Originally Posted by slogue2
Well that's what I meant. If they were doing funky accounting and recognizing revenue too early in the cycle, it's something that should be caught during DD leading up to an acquisition. But that isn't always the case. All you have to do is look at all the mega corps and accounting firms that went down once people started pulling on loose ends on balances and transactions that were too good to be true. Fun digression  Accounting talk gets me too excited even when dealing with it all day at work.
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Me too

Also Steve Cohen runs PSA like the Mets. Completely bat spit crazy.