Two weeks ago, it filed a suit in New York state court seeking $100 million from The New York Post, which has aggressively covered the company's disputes with sports teams, and from a hedge fund manager and others the company said were involved in a "short and distort stock manipulation scheme" to drive down the price of SpongeTech stock.
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.
But Mr. Watts added that the 1999 surge in the Nasdaq, when 11.3percentt of low-priced stocks recovered, has distorted the historical data.
Stock market guru Jim Cramer voice concerns all week because stocks moved in lockstep, distorted the market and represented a "repulsive anti-individual investor edifice".
Despite being one of the most successful US firms, Apple was excluded from the Dow because its high stock price would have distorted the price-weighted index.
Mr. Jacobs, who now owns more than 9percentt of the company, released a letter last week complaining that short-sellers and reporters had distorted the company's financial picture and hurt its stock.
He said the Cuomo camp had distorted the facts about Alliance, suggesting they were holding WorldCom stock for the state, while ignoring the company's long record of profits for the state.
But the two companies argue that its performance is distorted by a composite index weighed down by large-cap stocks.
A rise in U.S. exports and a bigger-than-expected drop in jobless benefit claims, though distorted by the storm that disrupted life in the U.S. Northeast this past week, helped stabilize U.S. stocks early in the session.
Hip-hop, techno, jazz and soul, the human voice sampled and distorted – the sounds are as varied as the imagery, made using smartphones, 3D cameras, CGI and expensive 35mm film stock.
Stock options and other incentive packages, once promoted to align managers' interests with those of shareholders, have been distorted to a point where top managers are extravagantly rewarded regardless of their performance.
