1. Calculate Barron's criticism of Comdisco's accounting and the company's response. Do you approve with the company or Barron's?
2. Compare the level of revelation in Comdisco's annual reports in the (A) and (B) cases. Do you think the company's poor expose prior to 1983 made it susceptible to the attack by Barron's? Would the market reaction to the Barron's article have been dissimilar if the company had a better disclosure policy?
3. Do you ponder Comdisco's stock in November 1983 was a buy?