You're so full of baloney, Reggie. Remember fraudulent Java? With the results that differed from the Regimodel 2000 results, as determined by that compiled Excel spreadsheet that you couldn't show anybody who wanted to check? Again, if anybody's interested, I'll dig up the much dreaded Mind of Reg(TM) context for that one too.
As far as the Regimodel goes, I don't know anything about it. Near as I can tell, you make up numbers for what the future holds. Then you plug them into a "high end financial math" spreadsheet, and the answers are infallible. There's an old term term for this kind of operation in computers, which I'll leave to the reader to fill in. My reading of Gurley is the reason you can't use your precious DCF in general to value stocks is that, well, there's no reliable way to foretell the future. Except in the Mind of Reg(TM).
But, if you want to debate something, how about that employee buyout at Microsoft, which could happen if the employees had $30billion in options, which of course they don't. The Mind of Reg(TM) context is readily available for that one, too, for those who want to torture themselves.
Cheers, Dan. |
