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

To: Alias Shrugged who wrote (69024)	10/12/1999 7:51:00 PM
From: taxman	Read Replies (1) \| Respond to of 132070

thanks. goes to show that while barron's is great entertainment (ableson is very funny), its usefuleness as an investment tool leaves something to be desired. regards

To: Alias Shrugged who wrote (69024)	10/12/1999 10:13:00 PM
From: Les H	Respond to of 132070

Sequential Growth Rate of GE Earnings from Continuing Operations Pension Growth Rate With Income Without With Without 1998 9296 1016 8280 13% 5% 1997 8203 331 7872 13% 20% 1996 7280 709 6571 11% 12% 1995 6573 697 5876 11% 10% 1994 5915 574 5341 It affects the earnings consistency which has an impact on valuation, although the above shows probably the best portfolio return years. That series of crashettes at the end of 1997 seems to have affected them more than in other years. lovelly, I can't edit this back in fixed font...

To: Alias Shrugged who wrote (69024)	10/13/1999 2:29:00 PM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

Mike, I didn't read the article. Is the pension income number that you show the amount that was applied to operating earnings as a result of excess pension returns that were shifted? If so, then it might be more significant than it looks at first glance. If I understand correctly, normally the pension would require progressively larger "expenditures" as the company grows. So even if the pension was contributing nothing to operating earnings, it would be contributing that portion that the company didn't have to put into it. Again, I didn't read the article though. Wayne