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11/07/04 3:23PM
re: Chuck (options OT)
My long, point-by-point response was eaten by the Internet and has been forever lost (stop cheering, people!). So here's quick and somewhat philosophical summary.
Option expenses are based on estimates, and can indeed be confusing. But... login to read the rest
I don't disagree with you, but I'll play Devil's Advocate for kicks. Hopefully you take it as such and not as anything more:
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You said: At most Whitman makes a case for putting the option... login to read the rest
At most Whitman makes a case for putting the option cost near the bottom, as most companies do with preferred dividends. As such you'd report a net income, then subtract option cost, then report net... login to read the rest
You should read Marty Whitman's recent quarterly letter on why stock options should not be expensed. As someone who always thought they should be, I am now on the fence.
His argument is... login to read the rest
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