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To: john dodson who wrote (20822)3/8/1998 9:53:00 PM
From: kahunabear  Read Replies (1) | Respond to of 97611
 
Yeah, the 0 annualized was a bit extreme, but I like it as a way to calculate PE. Sounds like your buy price is just under 20 and mine is closer to 15.

Enjoyed the exchange,
WS



To: john dodson who wrote (20822)3/8/1998 9:58:00 PM
From: kahunabear  Read Replies (1) | Respond to of 97611
 
I think this talk about inventory, misses the point. It seems to me that inventory isn't the cause, its the result. Bottom line is, sales are going to be flat with last year and that is not a good thing. You definitely have an inventory problem when you don't sell as much as you thought you would.

WS