Howard Schilit Quotations

When a company starts remaking themselves on the fly, that's a company to watch very closely.

When a company announces an accounting restatement you ask no questions. You sell immediately. You don't have to wait to see how much worse it's going to get. It's not going to get better.

Under the old world order, senior executives of companies that were most aggressive were the ones that won most often, ... We have to be able to convince the senior executives at companies that the world has changed and that under the new rules you are going to consistently lose if you are using accounting tricks.

It's a black and white issue. The only people who would say that options aren't an expense are the ones that don't want to include it as an expense.