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Hasbro's CEO Reports OGL-Related D&D Beyond Cancellations Had Minimal Impact
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<blockquote data-quote="Saracenus" data-source="post: 8940863" data-attributes="member: 47839"><p>Then</p><p></p><p></p><p>I got my accounting degree (well, its really a certificate, very little difference) one thing you learn about company financials is the <strong>Profit and Loss Statement</strong> tells you a story, but only a distinct part. but the real story is the<strong> Cash Flow Statement</strong>. Positive cash flow is king. </p><p></p><p>You can have a great year in revenue and control you expenses (The P&L story) but your <strong>Balance Sheet</strong> can impact "the bottom line" as it contains things like money owed to you and money you owe, plus all the leverage (see loans, stock, equity). If Cash Flow is negative, that is a big read flag on the health of the company. If cash flow stays negative year to year then very loud klaxons should be going off for investors.</p><p></p><p>Like a lot of people have said, Yearly and Quarterly reports for public companies are heavily regulated and misleading investors and public can have really bad consequences. Same for earnings calls. This stuff is like watching a Kabuki play and rarely do you see a deviation from the standard scripts.</p><p></p><p>I would be more worried if Kyle's PR tour or a Press Release was saying these things. I would also fire the PR folk who let that kind of public face to be presented. Public statements have to be carefully vetted (if a company is smart) because you do not want to be accused of trying to influence your stocks performance by what you say publicly (e.g. Elon Musk twitter statements about Tesla*). </p><p></p><p>Putting some moral judgement on an earnings call is not really productive. There are ethics involved there but morality has nothing to do with it. There is definitely legal consequences for them.</p><p></p><p>* Yes, I know he got acquitted recently on that, but while he was waiting for judgement he had to clear all twitter post about Tesla with the SEC before posting and he complied. Even he knew that was not something you don't take seriously. Stock manipulation, just don't do it.</p></blockquote><p></p>
[QUOTE="Saracenus, post: 8940863, member: 47839"] Then I got my accounting degree (well, its really a certificate, very little difference) one thing you learn about company financials is the [B]Profit and Loss Statement[/B] tells you a story, but only a distinct part. but the real story is the[B] Cash Flow Statement[/B]. Positive cash flow is king. You can have a great year in revenue and control you expenses (The P&L story) but your [B]Balance Sheet[/B] can impact "the bottom line" as it contains things like money owed to you and money you owe, plus all the leverage (see loans, stock, equity). If Cash Flow is negative, that is a big read flag on the health of the company. If cash flow stays negative year to year then very loud klaxons should be going off for investors. Like a lot of people have said, Yearly and Quarterly reports for public companies are heavily regulated and misleading investors and public can have really bad consequences. Same for earnings calls. This stuff is like watching a Kabuki play and rarely do you see a deviation from the standard scripts. I would be more worried if Kyle's PR tour or a Press Release was saying these things. I would also fire the PR folk who let that kind of public face to be presented. Public statements have to be carefully vetted (if a company is smart) because you do not want to be accused of trying to influence your stocks performance by what you say publicly (e.g. Elon Musk twitter statements about Tesla*). Putting some moral judgement on an earnings call is not really productive. There are ethics involved there but morality has nothing to do with it. There is definitely legal consequences for them. * Yes, I know he got acquitted recently on that, but while he was waiting for judgement he had to clear all twitter post about Tesla with the SEC before posting and he complied. Even he knew that was not something you don't take seriously. Stock manipulation, just don't do it. [/QUOTE]
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