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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (3677)	8/4/1997 3:21:00 PM
From: kahunabear	of 94695

Watch those outstanding shares when considering earnings growth. Here is what NSCP reported as a 52% increase in earnings: Net income 2Q 1997 $8.8 million, or $0.10 per share, Net income 2Q 1996 $5.8 million or $0.07 per share But, if you consider that there were 91 million shares vs. 87.9 million in 1996 and calculate the increase in eps you only get 47%. The absolute numbers are meaningless. You have to consider the per share numbers. I think the SEC should make it mandatory to report increase percentages based on per share earnings. Especially since there is so much attention to valuing a company based on there growth rate. Is NSCP worth a 47 p/e or a 52 p/e. Oops!, Excuse me. Why quibble over pennies. It probably deserves a 103 p/e like it already has.<g> Thanks, Britt

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