Communicating to value investors in a credibility crunch
The game has changed. The internet-driven, growth-frenzied circus has been replaced by the relative safety and logic of value investing. And just when attention refocused on the fundamentals, questionable accounting and reporting practices by the likes of Enron, Global Crossing, Waste Management, Xerox and Cendant have everyone concerned about the effectiveness of our Gaap-centric financial reporting system - and the honesty of those in charge of reporting results on that basis. Investors
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