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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (28528)	9/1/1999 8:39:00 PM
From: Les H	Read Replies (1) \| Respond to of 50167

I think it has more to do with managed expectations and analysts. If you can manage the business estimates, "beat the numbers" on a quarterly basis, and not pull any surprises, the stock will likely to continue to go up with minor hiccups along the way. If you continue to do it long enough, the valuations get out of whack as in Gillette, Coke, and other stocks. I'm deliberately not using the tech stocks as example. It happened to the consumer stocks and retailing stocks in the 80s. JMO. A lot of the companies with supposed great growth don't seem to be accruing to their book value. But those are the new age stocks.