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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Bruce Brown who wrote (24724)	5/16/2000 9:27:00 PM
From: StockHawk	Read Replies (1) of 54805

>>Cisco is not overvalued from an accounting point of view:<< Bruce, that was an excellent post you alerted us to. The contention that wealth creation at CSCO is greater than reported income is something to look into. However, it is important to note that corporations do keep two sets of books - one which follows GAAP and one which follows IRS rules. Reducing taxible income while reporting higher book income is not unusual. Reporting lower than necessary book income would be unusual. StockHawk

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