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Strategies & Market Trends : Shorting SPY for fun and profit.
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To: Premier who wrote (73)11/10/1997 10:26:00 AM
From: Berney   of 346
 
Premier,

I really appreciate your input and the IBES number. Frankly, I am
now more comfortable with the 12% growth rate going forward. Let's
put this in perspective; the EPS growth rate for the last five years
was 17%. Thus, the growth rate has already been significanrly
reduced. However, we are probably both in the ballpark. I note
with humor that at the 12.1 figure I used earlier, fair value would
be 928. Where did it close Friday, 928. I'm sure its a statistical
quirk.

Berney
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