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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Rick who wrote (371)3/31/1998 5:52:00 PM
From: Chuzzlewit   of 4509
 
Rick, accretive is always used in the context of earnings per share. The opposite of accretive is dilutive. And it is an important distinction, because the stock market is driven in large part by earnings per share. Some recent examples: in the merger of MCAF with NETG to form NETA the prospectus claimed that the merger would be accretive. On the other hand, in the abortive merger/acquisition between CA and CSC, CA's management stated that the deal would not be accretive for some time.

You comment about marketing driving book sales could very well be on target -- I don't know. But I've often though that you could become a millionaire by writing a self-help book that combined power something with sex, weight-loss, and investing. Something like "Alexander the Great's Principals for Power Sex Through Investing in Weight Watchers Franchises".

As to investment approaches, I find that Lynch's and Buffet's ideas more consistent with my own than Graham's, because Graham was a "value" investor. Unfortunately, there is no good way to "value" a growth company. Buffet, on the other hand, is a buy and hold investor -- an idea I find much more to my liking. This is how I believe you can make really big money -- particularly in growth stocks. Someone pointed out the other day that TLAB had officially become a 100 bagger since coming public in the early 80's.

Now if you want to talk about really flaky ideas, there's always TA, and astrology. But that's just my opinion. No doubt I will shortly hear from Melissa <VBG>

Regards,

Paul
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