A Sterling Example of Truth in Reporting Financial Results: Burnham's Beat

Bill Burnham, Chief Blogger of Burnham's Beats, proudly (and hysterically) reported record results for 4Q05, including "[e]arnings before expenses, which management believes are the most cynical results we can think of (...)"

Although earnings were up an astounding 176%, Mr. Bill added some inciteful comentary on the dificult decisions he had to make to produce such fantastic results:

"This quarter’s results continue to demonstrate that blogging is a complete waste time. While we did not achieve our previously forecasted results of 100 billion page views and ‘Google-style cash, Baby!’, we remain hopeful that people forgot about those projections. "