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Tuesday, April 20, 2004

More Fun with First Quarter Earning Reports 

3M, the company behind the Post It Note, reported an earning increase of 44% for the first quarter of 2004. The AP reported that the earning gains were due to "swings in foreign currency and increased sales in its display business." However, I have another theory:



Post-It pranksters are artificially inflating 3M's earnings. Once the pranks stop, so will the profit gains. This could be the next Enron.

3M Earnings Rise Nearly 44 Percent [AP]
Damon's New Office [interactivetools.com]

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