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Message: <blockquote data-quote="El Guapo" data-source="post: 515505" data-attributes="member: 5830">I'm always surprised that people are surprised. Public companies always manipulate the books because they have to play open-handed while their competitors get to keep their cards close to the vest. Never take public financial statements on face value whether it's Enron, General Electric, or the Green Bay Packers. They all manipulate, hide, and obfuscate the truth to gain competitive advantages. Unfortunately it's the game but it's usually not hard to lift their skirts. You just need to look at the numbers, pay attention to what is being said, and ask the right questions if necessary.I work with city governments a lot and I hope that nobody believes the BS they regularly pump out in their financial/budget disclosures. It's 50% hogwash mixed with sprinkles of stardust, but that's usually not to gain a competitive advantage but rather to avoid the truth.</blockquote>

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