Conventional wisdom is that

A) investors value a company's stock based on sustainable operating earnings.
B) investors focus on one-time special charges and write-offs.
C) "big bath" items adversely affect stock price.
D) restructuring an organization causes bankruptcy.

Sustainable Operating Earnings

The portion of a company's profit that is expected to continue in the future, excluding any one-time items or unusual income.

Big Bath Items

Large and often one-time charges taken by a company to write off or write down the value of assets, or to provide for expected future liabilities, sometimes used to manage earnings.