Friday, August 4, 2023

Steve’s Barking; I worry about a company that that’s profits go up in a straight line 📈

 I worry when I see that a company’s profit keep going up… Why you might ask….? Nothing in life goes in a straight line…. Not the weather…. Not job creation…. Maybe salaries…..but that’s a different story…. Oh yea,Social Security, though in some years salaries and Social Security is flat…..Now getting to the real reason that I worry about profits going up in a straight line…. But in real life profits don’t go up in a straight line…A company has to invest to make improvements to its product or the competition will overtake it….The consumer of the products will not need the product on a continuing basis……. Many of the consumers of the products if the prices go up, would not be able to afford the product….. The consumer of the products can look for alternatives to the products……
In the past, there have been accounting irregularities to show that profits of a company has gone up.
I worry that about false numbers…..I worry about the shareholders being fleeced….I worry about government regulation based lied profits…. I worry that we may have another Enron because of CEOs of corporations compensation is based on profits….even if those profits aren’t real….

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