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

To: Bilow who wrote (82709)	8/7/2000 8:42:12 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Carl - [...The correct way to analyze the situation is not from the point of view of the corporation, which is not a person, and does not have a viewpoint, but from the point of view of an individual shareholder, who is a person, and does have a viewpoint....] If this were correct, then Warren Buffett would have no way to value an entire company for purchase if he is not already a shareholder. In fact, the value that he would apply for an entire business is utterly independent of any stock dilution or any consideration of how the shares are distributed. The accounting of a corporation should first treat the company as a whole for dollar values, then separately for verifying its ownership structure, and then finally it can and does do things that combine the two like calculate EPS. Regards, Don