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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (67027)	8/31/1999 1:40:00 PM
From: cardcounter	Read Replies (1) of 132070

MB, long time no see and where's that beer you promised? :) I'm reading some ibank research reports on CAP (competive advantage period - the length of time that investors expect a firm to invest cash at returns at greater than the cost of that capital). Is this legit, or is this a creative way to explain the valuations of today's stock and why its ok to pay for stocks at these levels? BTW: Does Houston's weather ever improve?

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