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Politics : Ask Michael Burke

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To: Shane M who wrote (40023)	12/19/1998 3:08:00 AM
From: Ed Beers	Read Replies (1) of 132070

>>>I don't see how anyone can consider a book to bill in the .8s as good, > I agree. Bottom line, anything under a 1.0 is shrinkage. Maybe they were expecting worse. Maybe a decrease in the rate of decline (second derivative) is perceived as a positive? < Shane, Be careful here. The statistic you are looking at is a 3 month moving average. A move up into the 0.8s for the 3 month average may indeed mean that last months BtB was above 1.0. This is certainly a good thing. That doesn't necessarily mean it is good enough to justify the current stock prices. Nor does it mean that business is anywhere near good. Ed Ed

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