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Politics : High Tolerance Plasticity
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To: Steven C. Vartan who wrote (17951)12/2/2002 10:40:41 PM
From: ajtj99  Read Replies (1) of 23153
 
That article is BS. S&P accounting methods put valuations at around 35 P/E currently, if memory serves.

You cannot properly account for historic P/E's without taking current P/E's and expensing options and doing away with pro-forma BS and special charges that were not excluded from earnings in the past.

Doing that paints a far different picture.

That guy must have needed the money Barrons was paying for that article.
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