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


To: bill meehan who wrote (68053)9/22/1999 2:03:00 PM
From: Freedom Fighter  Read Replies (1) | Respond to of 132070
 
Bill,

>>"A Nasdaq official reports increased pressure to include 'only positive' earnings results in calculating future releases of this statistic."<<

Value Line has already adopted that delusional standard.

These are the standards of value we've had over the years.

1. Trailing Reported Earnings

2. Forward Reported Earnings

3. Trailing Operating Earnings (pre-charges)

4. Forward Operating Earnings (pre-charges)

5. Forward Operating Earnings with increased use of stock options

6. Forward Operating Earnings with increased use of stock options excluding bank reserves.

7. Forward Operating Earnings with increased use of stock options, excluding bank reserves, but only for profitable companies.

8. Forward Operating Earnings with increased use of stock options, excluding bank reserves, but only for profitable companies and compared to the baked CPI and not bond yields because the bond market is wrong.

9. Forward Operating Earnings with increased use of stock options, excluding bank reserves, but only for profitable companies, compared to the baked CPI and not bond yields because the bond market is wrong, with capitalized R&D and software instead of expensed.

10. Abby's model.

11. Abby's new model after prices exceed the old one.

(VBG)

Wayne