One problem in forecasting earnings, he says, is that the Internet and real-estate bubbles pushed corporate profit margins to 7%, above the historical level of 6%.
他说，预测收益时存在的一个问题是，互联网和房地产泡沫将公司利润率推高到7%，超过了6%的历史水平。
Such write-offs, he argues, won't be repeated, so earnings including them shouldn't be used for forecasting.
他说，这种规模的冲销以后不会再出现了，所以反映了这些冲销的企业利润不应用于预测。
Forecasting of listed companies' future earnings is an important issue for investors, stockbrokers, creditors and administrators.
预测上市公司的未来收益是投资者、证券商、债权人和管理层所关注的问题。
Forecasting of listed companies' future earnings is an important issue for investors, stockbrokers, creditors and administrators.
预测上市公司的未来收益是投资者、证券商、债权人和管理层所关注的问题。
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