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To: R2O who wrote (33649)	2/24/2009 12:17:35 PM
From: Paul Senior	Respond to of 79172

R20, I'm not understanding your request. Please clarify. What do you mean by "historical data" for "forward numbers"? A source that supplies backup studies for making conclusions about validity of analysts' predictions would be either of the two Contrarian Investment Strategy books by David Dreman. Except that the conclusions in those reported studies and in many others are that analysts' forward numbers cannot be relied upon. I am arbitrarily going against that by relying on the numbers, i.e. using consensus estimates of lower earnings in forward year as a screening tool and/or as a cautionary alert.