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Technology Stocks : Applied Magnetics Corp
APM 1.400+2.6%Nov 7 9:30 AM EST
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To: Glenn D. Rudolph who wrote (11794)4/30/1998 3:05:00 AM
From: Tom Simpson  Read Replies (2) of 12298
 
>That is a good question.

And there are a few more.....
This guy now forecasting -5 bucks....what was it he forecasted for this year last year? Yes, but......

Long-term EPS growth of 25% per year. Hmmmmmm....
Xn+1=Xn*1.25
=-5*1.25
=-6
Xn+2=-6*1.25
=-7.50
Hey....as Gallagher used to say, "TOTALLY NEW CONCEPT"

It should be a law that every analyst has to publish the std deviation of his prior forecasts with his current forecast. "TOTALLY NEW CONCEPT" :o)
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