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To: Proud_Infidel who wrote (179942)	12/18/2004 9:01:16 PM
From: robert b furman	Read Replies (1) \| Respond to of 186894

Hi Brian, Amen!! This post should be spread across all of SI and more. Thanks for the great post. I love it - it MUST BE BETTER THAN ZERO duh!!! Bob

To: Proud_Infidel who wrote (179942)	12/20/2004 5:18:25 AM
From: Tenchusatsu	Read Replies (3) \| Respond to of 186894

Brian, Yes, Options Really Are an Expense Yes, but try explaining how that "expense" is calculated to the average layman. Every option granted is going to be counted as an "expense," even those that never get exercised because they're worthless. We might as well replace "earnings" with "Quanti-earnings" or whatever. After all, if it doesn't make a difference to the security analysts who determine the intrinsic value of a stock (since they already account for options whether they are expensed or not), then all it is good for is the massaging of information for public consumption. Not that I'm against expensing options, but I'm not sure the proposal is the best way of doing it. Tenchusatsu