REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
|
|
 |
The
purpose of adjusting earnings
In practice
there are two principal reasons why analysts and others would
wish to adjust a given recorded earnings figure. These are,
first, to assess the level of currently maintainable performance
in order to predict future results and, second, to assess underlying
performance so that earnings growth can be measured.
|
|
|
