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Strategies & Market Trends : Value Investing

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To: Mark Marcellus who wrote (16170)1/17/2003 12:22:56 AM
From: jeffbas  Read Replies (1) of 78576
 
Mark, I share your view. In fact, I don't see how it could possibly be executed by any individual or audited by the IRS. Retained earnings figures are only available 4 times a year, not when you buy or sell. Furthermore, what would you do if you owned a company for 10 years which grew wonderfully on retained earnings, and then took a writeoff which put retained earnings back where you started (making your whole gain taxable?). If something is totally unworkable, I don't see how it will end up being passed.
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