TSXV:AAA.P - Post by User
Comment by
oceanelevenon Jan 09, 2014 5:29pm
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Post# 22075885
RE:RE:RE:just an article
RE:RE:RE:just an articleYes.....the article put out Jn 9th using last July's numbers is worrisome....
Earnings Quality
Accounting Quality
Non-Cash Earnings
AAA-CA's relatively weak net income margins for the last twelve months combined with a relatively low level of accruals suggest that the reported net income number is likely to have benefitted from some amount of underaccruals.
Management of Reserves
Strong Drain
The company's accrual levels over the last twelve months are both negative and less than the peer median, which suggests that not only is the company draining reserves but is doing so more strongly compared to its peers.