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Carlos from Spain said:
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fritz said:
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nberry said:
Porsche refused to be listed on US Exchanges because our public disclosure rules are much more stringent. I am not saying what Porsche is claiming in its European disclosure is wrong but I would be wary. 
The "stringent public disclosure" rule which Porsche could not stomach was that requiring the wasting of enormous internal administrative capacity to report figures on a quarterly basis to satisfy the short-term carpet-bagger speculators pandered to by the US rules. The auto business has a cycle tied to model years anyway, so quarterly figures within a model-year are not a good basis for assessment of a company's health.
The company does now produce a half-yearly report for stockholders. FWIW, the latest one to 31.01.2008 shows turnover for six preceding months to be up by almost 14% against the same period in the previous year, so 24% fall in sales in March in USA does not appear to represent the general worldwide trend.
ouch!! Nick just got onwned 
Carlos you crack me up. I know you would love to see me had but sorry this isn't one of those times.
International accounting principles and best practices have found that quarterly reporting is a much better indicator for investors. Remember data input is the key. The longer the period given to a Company the easier it is to message the number. Quarterly reporting requires constant and vigilant inputting. With six month or longer reporting "white noise" enters the system and investors have difficulty knowing what is up.
The proof is in the example Fritz cited. Using information for the past six months, according to Fritz the trend for Porsche is up but closer to the present, the picture isn't as pretty. Any experienced investor will tell you the time closer to the investment is more important than what has happened six months or a year ago.
Thus Fritz's dog just does not hunt.
Nice try.
