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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (15333)	8/26/2002 9:46:08 PM
From: Paul Senior	Respond to of 78596

Bob Rudd, you're right, I should be taking account of operating leases somehow in my evaluation. There should be some consideration of the leases on the asset side too because the leases provide an economic benefit; here I'm also not sure what to use for an appropriate "capitalization". As those numbers you provided show, lease expenses are expected to more than double next year, an increase of $2.7M. That's about a 29 cent additional hit to the pre-tax bottom line. Not so insignificant an amount, it would seem. Paul Senior