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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (6096)5/15/2002 10:52:03 AM
From: OX  Respond to of 33421
 
>>recalculating earnings going back 10 years

IMO, that's a waste of time. because if there were such a rule 10 years ago, i'm sure companies would have altered their methods to adapt. it's unfair to go back and say, w/ any degree of certainty, that this is the way XYZ would have been valued had rule ABC been in effect.

(in addition to the "bubble" effect as u noted)