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To: dougjn who wrote (22199)5/17/1998 3:57:00 PM
From: Chuzzlewit  Respond to of 95453
 
Thanks Doug, yeah I figured it out! When I used to do M&A analysis for insurance companies we used that approach all the time. It's mainly useful if you're looking to buy another company, but doesn't mean much for the ordinary investor.

TTFN,
CTC

PS thanks for the kind words, but I think that luck and patience have much greater impacts on investment performance than most people believe.