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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Raven who wrote (7698)9/6/1998 11:25:00 AM
From: Ken Brown  Respond to of 42834
 
Fleckenstein:
Trading at about eight times annualized sales.


It might be arrogant of me to question Fleckenstein, but I do. I just can't understand how he came up with that figure, unless he's using his own estimate for forward revenues. (In which case, I'd say that's a very misleading statement for him to make.)

Ken