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To: Sir Francis Drake who wrote (542)8/28/2000 12:17:24 AM
From: J. Conley  Respond to of 955
 
Morgan,

There is always a chance that there could be that "paradigm shift" so that some aspect of growth will be recognized in the market even though it is difficult to quantify or exactly predict how much growth (better measured over a longer term) will occur. Perhaps this could even be considered one of the "intangibles" to which you refer.

Doesn't it seem a bit unusual that we talk about trading at or below book value and scrutinize the company as a pure "value" play when the growth year over year is quite extraordinary.

I know, it will all end tomorrow. <g>

Best regards