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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (63772)7/1/1999 6:28:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Ben, The Economist's Andy Smithers calculates our real PE ratio, ex all the accounting tricks, at about 57 times. I think he is low.



To: benwood who wrote (63772)7/1/1999 7:09:00 PM
From: Mike M2  Respond to of 132070
 
Ben, Forbes had the Smithers story about what PE's might be if the cost of eso was expensed on the income statement- do a search . like MB said the PE in 97-8 would be in the mid 50s. The employee stock options issue is the most egregious of the methods to inflate reported earnings but there are other as well. Mike