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Pastimes : FLAME THREAD - Post all obnoxious/derogatory comments here

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To: Blue On Black who wrote (2684)10/21/1997 1:03:00 AM
From: Druss  Read Replies (1) of 12754
 
Lee--It is true Y2K math is different, it is how you add the zeros.
Here is an example:
Book value of the company $100,000, revenue of the company {none or extremely little of it from Y2K} $1,000,000. Earnings per share over last four quarters -$2.00. P/E-N/A. Now add in 2000 as in Year 2000 company = Market Cap $1,000,000,000. Projected earnings per share over 1998 $50.00. You can clearly see from this example that a Year 2000 company gets to add in the zeros. All three of them to the market cap. Projected earnings it is the same thing. Plus you are not allowed to be negative about Year 2000 companys. So a projected earning of -.50 a share becomes +$50.00 after you add in the zeros and get positive. It is only difficult if you try to make sense of it.
Druss
I am thinking of starting my own company in this field. There seems to be a need here and I would like to help fill the void.
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