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Strategies & Market Trends : Ask DrBob
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To: stan_hughes who wrote (58629)5/3/2002 2:27:01 PM
From: Louis V. Lambrecht  Read Replies (1) of 100058
 
P/Es are irrelevant! In the published pro forma that is.
If you apply the same hedonic coefficient to the P/E as on the CPI, P/Es are much lower. And shares priced fairly.
Now, if you would apply the same coefficient to WCOM, we all would be making money.
Naz raw numbers of 1600 hedonically adjusted would be 3200 some.
Hey! The economy is rebounding!
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