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#11
08-29-2019, 02:00 PM
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Heh.
From the analyst call. Re Mark's question, this is how you (potentially, if it later turns out the warranty reserve was inadequate) commit securities fraud. "In terms of our warranty, we take a very conservative view in terms of warranty and what our expectation is, in terms of our balance sheet. So I think this whole trimming issue that we spent a lot of time talking about today is really something that we don't consider material to our business." If I were on the CU Board I would be cringing at unqualified statements like that, just saying.
__________________
Four phrases I have coined that sum up today's hobby: No consequences. Stuff trumps all. The flip is the commoodity. Animal Farm grading. Last edited by Peter_Spaeth; 08-29-2019 at 02:04 PM. 
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