What can be done to bring it back?
But not all unequal shares are created equal
Sell-off of its stock had nothing to do with accounting
When the Canadian life insurers reported their third quarter results, billions of dollars in red ink flowed. Investors and executives alike were blaming the accounting rules. Frankly, we had to smile.
First-quarter financial reports will deliver some strange and surprising results courtesy of the new IFRS accounting rules that came into effect for most companies on January 1. And some companies will be working hard to convince you that the new rules will have no adverse impact. That means advisors might have to contend with a certain amount of EBIFRS (earnings before IFRS).