SFLA - In This Corona Quarter Take Earnings Reports With A Grain Of Salt
A lot of companies are reporting losses, of course. But there is nothing new in that.
You will surely be surprised to hear that in the best of times ? the pre-coronavirus years, 2012-2018 ? 45%-49% of all U.S. public companies reported an annual loss. In the best economy in decades, half the enterprises were losers? How can this be? The loss pandemic was even more severe among high-tech and science-based companies (pharma, biotech, electronics, instruments, software, internet services providers) ? 65%-70% of these companies routinely reported annual losses.
So, how will investors during the