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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (48891)	11/14/2001 1:17:10 PM
From: Jurgis Bekepuris	Respond to of 54805

>when Mucho is trying to figure out why the market has >decided to price MU so differently than in '90, I believe >that the answer lies in those expectations Agreed. However, that does not make the market correct. Actually an interesting hypothetical question is: what if market crashes again next year when interest rates are at 2%. Fed won't have as much wiggle room then as they had at 7%. But I digress... :-) >>Amazon.com will have $2 trillion profit next year >>cause I say so >This argument can be used against attempting to >estimate the earnings of any stock....since the > market screwed up on Amazon they will overestimate >the earnings of every stock. That was not what I was trying to say. Actually I was being sarcastic. ;-) Yes, earning estimations are tough. That's why I don't do that - even for KO, for which it is much easier than for MU. I do expect that established good businesses will have good earnings most of the time. Which is enough for me. Let's forget MU, since it is not G&K and not interesting to anyone on this board including Mucho. He was just trying to make a rather unsuccessful example... Jurgis - I know about MU since I was semi-equip investor