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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (9523)	1/5/2000 8:52:00 AM
From: Terrapin	Read Replies (1) \| Respond to of 79157

Thread, FWIW I saw a glowing report of housing stocks on, of all places, CNBC last night. Clayton was highly recommended. And here is a bit of humor the thread might appreciate: yesterday GM broke off a deal with a company called FreeMarkets which had an incredible IPO earlier in December. Once the news hit the stock collapsed. To head off the bleeding the CEO released a statement claiming that the end of the deal would not have a material impact on earnings. I laughed to myself thinking that the CEO must know that earnings has nothing to do with his stock price! Terrapin

To: Wallace Rivers who wrote (9523)	1/6/2000 6:45:00 PM
From: Robert Hoefer	Respond to of 79157

Wallace, to try to answer your question about LIFO vs. FIFO: "Intercompany comparisons of inventory turnover do not provide valid comparisons when the companies are using different inventory methods, e.g., FIFO and LIFO, since the cost of goods sold and inventory under LIFO during periods of rising prices will be higher and lower, respectively, than under FIFO." from Financial Statement Analysis by Charles J. Woelfel. I'll let you interpret that, but I would say that it does not sound as if one method is inherently inferior, just different. Of course, there may be other ramifications; that just happened to be something I was reading about recently.(The question was regarding EBSC vs. S) Hope this helps...