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


To: Don Lloyd who wrote (71531)12/7/1999 11:49:00 AM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
Well, yes -- not profitability per se, which is usually measured by margins. But by increasing the size of the economic pie overall, productivity increases could underlie profit growth even at constant or (heaven forfend) shrinking margins. This is no excuse for dot com-style valuations, but at least provides a slim hope to equity bulls like BGR. -mb