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Politics : Ask Michael Burke

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To: The Perfect Hedge who wrote (34259)	10/20/1998 6:56:00 PM
From: Knighty Tin	Read Replies (5) of 132070

B, Hallelujah, another tax miracle. Revenues and eps up, but taxes down. <G> Receivables were up, bigtime, indicating last week shipments to save the quarter. Ditto for inventories. Looks like oversupply with the customers well stuffed. Stockholders equity hit the skids. Pretty much what I expected. A 5% up eps caused solely by buying back shares, shipping aggressively, and holding inventory rather than facing price reality in this report. But, even taking the 5% eps at face value, why buy a risky stock like this when you can get a similar return from Treasuries? Selling at nearly 30 times eps, this is a bloated bugger. MB

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