Every analyst's worst nightmare
http://blogs.wsj.com/moneybeat/2014/10/16/spreadsheet-mistake-costs-tib…
Anyone else see this. Poor guy(s) at the bottom of this lol
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Ouch.
Old news, but my friend knows the summer analyst on the deal. Said he was incompetent.
Did they seriously not check the numbers of a summer analyst?
that might have been a mistake....but most financial model assumptions are pulled out of the ass anyways....
Not inputs that are directly based on actual shares outstanding information...
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