I’ve w.adjuvancy.com/wordpress/19693-2/” target=”_blank”>bitched and moaned about the way public corporations manipulate the reporting of their financial information. Where they remove items they don’t feel is germane (like a division that failed; or the drag on earnings is removed), or decided that EBITDA (earnings before interest, taxes, depreciation and amortization), Adjusted Net Earnings, and/or Adjusted Sales should be the valid measures for their performance. Because their true performance is abysmal. ( I won’t even mention which firm tried to promote the indicator EBE- earnings before expenses; in other words, just gross sales for the firm.)

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