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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
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Sunday, May 11, 2008
U.S. Census Bureau Daily Feature for May 11
Comtex
WASHINGTON, May 11, 2008 /PRNewswire-USNewswire via COMTEX News Network/ ----Following is the daily "Profile America" feature from the U.S. Census Bureau:
SUNDAY, MAY 11: MOTHER'S DAY
Profile America Sunday, May 11th. Today is Mother's Day one of the country's most honored national observances. The idea started in 1908 with Anna Jarvis of West Virginia, honoring her recently departed mother who had hoped that sometime there would be a day to commemorate all mothers. By 1911, every state observed Mother's Day and three years later, Congress made it a national event. There are nearly 83 million mothers across the U.S. Each year, about 4 million women have babies. Of those, teen mothers have 435,000 children, and women 40 and older, 112,000. The odds of a woman delivering twins are one-in-31. More births occur in August than any other month, and Tuesday is the most common birthday. You can find these and more facts about America from the U.S. Census Bureau online at www.census.gov
Profile America is produced by the Public Information Office of the U.S. Census Bureau. These daily features are available as produced segments ready to air on a monthly CD or on the Internet at http://www.census.gov (look under the "Newsroom" button). For further information, contact Rick Reed at +1-301-763-2812, fax at +1-301-457-3670, or e-mail at rreed(At)census.gov.
SOURCE U.S. Census Bureau
http://www.census.gov
Copyright (C) 2008 PR Newswire. All rights reserved
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