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

To: Don Lloyd who wrote (67788)	9/16/1999 3:02:00 PM
From: Freedom Fighter	Respond to of 132070

Don, >>I wonder if 'stops immediately' is warranted.<< Going in I already know what the PE ratio (or other relevant info) and what is typical for that industry or company. I also have scanned the Value Line or an S&P report. The prices of most businesses I'm interested in are very high so I usually don't get past the scan point. If the earnings are overstated by a significant amount it's almost never a value by my standards. These are tough times for guys with deep pockets and short arms. (g) >>I'm not willing to pay much for what may or may not happen beyond five years out, which means that nominal GDP growth rates are just part of the noise, no matter how much they may contribute to a given model.<< I agree. Neither am I. I have a number of models I use. Discounting free cash flow is just one of them. I like to go through that exercise just to see what other investors might be thinking. I am often not really sure what the next year might bring let alone beyond 5 years. Wayne