This old gauge (earnings divided by average shareholder's equity over the past 12 months) can, it is true, be distorted by paper writeoffs and stock buybacks, which depress the equity base.
"By planning the rally, Japanese rightists want to distort history, paper over the aggression and undermine Sino-Japanese friendship," said a Chinese foreign ministry spokesman, Zhu Bangzao, in a statement published in the official China Daily.
Use long, thin pins to avoid distorting the paper foundation.
She had found something that distressed her: In a file that she had never before opened was a set of eight or nine letters, all addressed to the same person, with cancelled stamps, the paper distorted as though it had got wet, the writing smudged, each stamp differing from the others by some slight degree — a minor flaw in the cancellation mark, a slight rip.
In this paper independent component analysis (ICA) method for amplitude and frequency estimation of highly distorted power system signals is presented.
The paper inside has been thoroughly warped, and some of the letters on the paper probably distorted almost beyond recognition.
Last week in the Wall Street Journal, Michaels was joined by Ryan Maue in an op-ed that again grossly distorted Hansen's 1988 paper.
The most obvious is that the median growth figures they reported in the 2010 paper are distorted by the same coding error and partial exclusion of data from Australia, Canada and New Zealand that tainted their average growth figures.
Researchers and fellow lobbying investigators who want to delve even deeper can read my paper "Distorting Discourse in D.C., How an Undercover Lobbyist Fooled the Beltway", which explores the case in great detail and provides dozens of references.
