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: Freedom Fighter who wrote (66863)	8/27/1999 11:18:00 AM
From: per strandberg	Respond to of 132070

Wayne, That's too simple! Anybody could do it, without relying on intricate computer models. The market wizards would loose their magic aura. <g> Nice to see AG admit openly that the earnings have been overstated. Not that it really matters as long as the earnings beat the street by a penny. Regards Per S

To: Freedom Fighter who wrote (66863)	8/27/1999 11:34:00 AM
From: Knighty Tin	Respond to of 132070

Wayne, there are many measures and during a bubble, they change as the market moves to ever more expensive levels. at first, it was dividend yield, but that is now buggy whip territory as few cos. actually make money. So they can hardly pay it out. Then there was reported eps, but options and balance sheet scamming have made them overstated, and, besides, stock prices are too high even for the phony reported eps. Then there is EBITDA, the Latka Garvas term invented on "Taxi," which is useful because nobody ever has to pay taxes or interest on their loans. Then there is cash flow, even though the depreciation schedules are so understated that cash flow is a bad number. There is free cash flow, but almost no co. has that, so using it wouldn't be good for a manic bull market. Nope, let's use whether or not a co. beats analyst guesses, supplied by, you got it, the cos. themselves. <g>