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Politics : Ask Michael Burke
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To: abraves who wrote (46225)2/9/1999 9:18:00 AM
From: Mike M2  Read Replies (2) of 132070
 
Abraves, yes those are bubble stocks. go back and see how their earnings multiples have expanded relative to their growth rate. The crowd is right during the trend but wrong at major turning points. Are you aware of the impact esop accounting has on the income statement. if not, search Forbes for the Andrew Smithers interview May ( 23?) 1998. Mike
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