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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: JAPG who wrote (43472)6/14/2001 11:35:13 AM
From: straight life  Read Replies (2) of 54805
 
Haven't read the article but one thing quickly caught my eye:
"Software maker Siebel Systems, for example, must pump up its unlevered free cash flow by 21% a year in perpetuity for its $49 share price to make sense. Not earnings or sales, mind you. Cold, hard cash.

Ouch! Of course that was, oh, $8.35 ago, given SEBL's price of $40.65 as I write. Making SEBL's price much easier to defend, I suppose (sigh).
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