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Strategies & Market Trends : Free Cash Flow as Value Criterion -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (187)	11/10/1997 6:18:00 PM
From: Pirah Naman	Read Replies (1) \| Respond to of 253

jbe: Such fun you must be having. > 1) Morningstar is at least more consistent than Market Guide Yes. MG's method (assuming that you got a correct answer) is in my opinion simply misleading. > Should we start a campaign demanding complete "transparency" > (even from Value Line, which is arch-smug about its "proprietary > methods")? VL is proprietary about their timeliness thing. On accounting matters they aren't. A friend of mine contacted them and got quite complete explaantions on a couple of occasions. Campaign? I guess it isn't worth the trouble to me. There simply aren't enough companies I would buy at the right price - for me it would make little sense to spend more time fighting than I'd save in analyzing thiose few. But I Agree that if you are paying for a service, they should explain how they get the numbers. 4) What do you think of Morningstar's method You tell me - you're the one up-to-date on working capital. :-) 5) How can we project future cash flows, Both VL and S&P give numbers which are pretty close to each other, and to what I get if I try using Edgar filings. I can't tell, but it sounds like Morningstar would get about the same. Apply consensus growth rates, since this is all fuzzy anyway, and we should be as wrong as anybody else. Pirah