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To: Iceberg who wrote (1176)	8/24/1997 5:18:00 PM
From: Iceberg	of 1894

Gottfried, what is the relative importance of projected earnings versus past earnings? In other words, is it more important to consider past earnings when projecting into the future, or is it more important to use projections made by others as a basis for making investment decisions? Your post ... exchange2000.com caused me to wonder. Your post was apparently based upon projected earnings as opposed to past earnings. Any input, or insights, you might have on the relative importance of past vs. projected earnings growth rates would be appreciated. Ice

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