Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: straight life who wrote (53915)	4/30/2003 9:48:50 AM
From: Mike Buckley	Respond to of 54805

straight life, So Mike, either we all become accountants or buy an S&P fund? I don't know that we need to become accounts (though maybe so) but I do get your point. And the answer to your question has always been, "yes." It makes no more sense to buy a stock without knowing how to arrive at a fundamental understanding of the three financial statements than to buy a book without knowing how to read. Notice that it took the author to get to his last sentence before implying that their might be a better measure of profitability than earnings: And I'll try to take some of the mystery out of valuing a stock on cash flow for growth investors who are looking for an alternative -- or perhaps just a backup -- to traditional earnings-based valuation tools. --Mike Buckley

To: straight life who wrote (53915)	4/30/2003 10:14:44 AM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 54805

I'll be more direct than Mike and say that the article is a bunch of cr**. The author raises a strawman argument for his yet another journalistic sensation. If people can't value a company because earnings calculation changed a bit, they should not be "investors based on fundamentals" TM or "valuationists" TM. I won't even go into the "angels on pinhead" argument of "did X beat earnings estimate by penny". Who cares? Jurgis - how about worrying about the CAP, GAP, Gorillas and all that long term stuff instead?