Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike M2 who wrote (64229)	7/9/1999 10:23:00 AM
From: Joan Osland Graffius	Respond to of 132070

Mike, Andrew Smithers calculations look like this is the "mother of all bubbles". We will find out how far they can push it. As you say HO HO HO. Have a good day, Joan

To: Mike M2 who wrote (64229)	7/9/1999 10:29:00 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, >>I have often heard that Japanese accounting tends to understate earnings but I can't quantify its impact. << I have one small insight. Japanese companies tend to have large cross holdings. It's sort of like Berkshire Hathaway. BRK has an over 10 billion dollar position in Coke, but only the small dividend KO pays flows through to BRK's income statement. So BRK's PE is meaningless. I suspect that Japanese companies with large cross holdings are much less expensive than the PEs suggest for a similar reason but I am not familiar with Japanese accounting. Wayne