Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (1397)	6/26/1997 1:23:00 AM
From: Skeet Shipman	of 94695

Bill A follow up thought: I am not a supporter of the networkers or other short product cycle acquisition companies. It appears to me to be a form of ponzi accounting; where they continually have to make acquistions to write off their obsolescence costs in order to maintain their high earnings. In addition, whenever growth slows their earnings will be swamped over by a trailing wave of depreciation. If you tract their quarterly retained earnings vrs operating earnings you will see they are considerably less profitable than the market thinks. Skeet

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