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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (389)	9/26/1998 11:41:00 PM
From: Triffin	Read Replies (1) \| Respond to of 4691

CYOE = current year owner earnings.. we could argue about the correct formula to use and interest rate assumptions etc.. CYOE = ((net profit + depreciation)) - ((capital spending) - (interest on debt)) divide by appropriate discount % ( I'm using 7% ) divide by shares outstanding Some of the financials, banks, brokers and insurance cos are coming into buying range at present. Jim in CT..

To: James Clarke who wrote (389)	9/26/1998 11:58:00 PM
From: Triffin	Respond to of 4691

Re: KO Just took a look at a weekly chart of KO.. couple of interesting levels.. There was 2 1/2 year consolidation in the 20-23 price level 1992 - 1994 which is followed by the long leg to the 85 top..The last two breaks have both held @ 53 which happens to be 50% retracement of the range (85 - 22)=63 63/2 = 31.5 and 85-31.5 = 53.5 & 22 + 31.5 = 53.5... If you apply fibonacci to the range ie .618 X 63 = 39 we get (85-39) = 46 for next support...This would fit in well with your thought of a capitulation below the 50 level.. Jim in CT..reading the tea leaves