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To: Chuzzlewit who wrote (63944)9/6/1998 10:51:00 PM
From: Stewart Walton  Respond to of 176387
 
That actually was the point of my original post, that in the past we might not have felt as comfortable with earnings estimates, and so we would rely on the published historical performance numbers to calculate P/E. But now the margin of error is (might be) lower for these projections, and we should use the forward looking numbers, even normalized to a cat's meow.

Regards,
Stewart