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.

Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (2919)	6/5/2003 2:34:45 AM
From: Charles Tutt	Read Replies (1) \| Respond to of 4345

Here's what a Web site that appears to have an association with him says, e.g.: fi.com Charles Tutt (SM)

To: Dave B who wrote (2919)	6/5/2003 10:21:46 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 4345

Pardon me for butting in, but why would you expect either of those books to discuss P/S ratios? Brealey and Myers were concerned with corporate finance (capital structure, investment decisions of the firm and the like) not equity analysis. Sharp, if his text is anything like the four I have on investment analysis and portfolio theory, surely wrote mostly about CAPM, discounted cash flow models, efficient market theory and the like. Even the PE discussion probably wasn't more than 5-10 pages out of 600-800 (and it was probably described as not particularly helpful). Anyway, none of these texts mention Price/Cash Flow either - that doesn't make it meaningless. Anyway, the bottom line about all these ratios is that any one of them can mislead you at times, so you should look at a combination of them and, more importantly, don't stop there - try to understand the company behind them and whether there is a good reason for them to be at the levels they are. And nobody lecture Duke - he'll just get pissy. ;-)