SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Warpfactor who wrote (14311)6/7/2002 12:41:53 PM
From: chowder  Read Replies (3) | Respond to of 23153
 
Anybody buying anything yet?

dabum



To: Warpfactor who wrote (14311)6/7/2002 9:46:52 PM
From: pvz  Respond to of 23153
 
S&P Valuation ("Fed Model") using latest operating earnings estimates:

What it is: Earnings Yield (eps/$spx) compared to $tnx.x

1. $spx.x valuation

S&P Operating Earnings** 54.07
Earnings yield 5.26%
Fair value 1,068
Over (under) (3.80%)


2. Next Quarter
What the numbers will show NEXT QUARTER using TODAY'S spx and tnx:

S&P Operating Earnings** 56.30
Earnings yield 5.48%
Fair value 1,112
Over (under) (7.61%)


3. Assumptions
S&P Operating Earnings estimates
2002 2003
Q4 14.43 16.54
Q3 13.59 15.70
Q2 12.52 14.75
Q1 10.63 13.53

$spx.x 1,027.53
10 year yield (tnx) 5.062%

** Fwd estimate = Q2+Q3+Q4+Q1(03) Next quarter = Q3+Q4+Q1(03)+Q2(03)

Source for operating earnings:
spglobal.com