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To: Cleve Noyes who wrote (7)7/28/1996 2:18:00 PM
From: Sturgeon   of 148
 
"I'm sure it's because they're pouring all their profits back into the
comnpany."

You didn't get the point. They earn about 9% return on equity.
If they plow all the profits back they can only grow at the
rate of 9% per year. (Think about it)

So I ask again... How do they grow at 40% per year?
I know the answer, but I want to know if you guys who are
so bullish understand it.
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