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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (218478)2/3/2003 6:05:16 PM
From: reaper  Read Replies (2) of 436258
 
she is saying that returns are deteriorating, and thus cash flow should be returned to shareholders. this is correct.

now, to the question as to whether or not you should be long a company with deteriorating returns, and paying a significant premium to book for it (as per her price target); well, that is another matter entirely.

Cheers
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