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To: GST who wrote (138620)2/5/2002 11:07:03 AM
From: Bill Harmond  Read Replies (4) | Respond to of 164684
 
>>Valuation for firms with no earnings is no different from valuation for firms with earnings.

That's not my point. You can consolidate an earnings number for a broad index, but for you to feel "comfortable" with the CPM the losing companies stock prices would need to be weighted in as negative numbers, which is impossible.