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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (66361)2/13/2003 2:27:29 PM
From: reaper  Read Replies (2) of 209892
 
<<on top of that you see all kind of weird cash flow figures being thrown around that don't bear any relation to this one>>

well, that's in effect the essense of what the Dow 36k guys (and frankly all these other moron strategists who value stocks on "earnings") get wrong.

my favorite 'weird' cash flow figure is EBITDA. pretends that the business does not use working or fixed capital. its amazing what a company can be worth when you ignore the capital requirements <g>

Cheers
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