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To: DD™ who wrote (1460)10/8/1998 9:11:00 AM
From: Wren  Read Replies (1) | Respond to of 15132
 
Abbey believes "stocks will continue to grow due to multiple expansion"

Earnings growth is shrinking, but people will pay higher and higher P/Es for the stocks. What happened to the idea that the value of a stock is the present value of its stream of future earnings?



To: DD™ who wrote (1460)10/8/1998 10:42:00 AM
From: Wally Mastroly  Read Replies (2) | Respond to of 15132
 
Words from an angel: Wayne Angell, that is + CNNFN abby link:

"..rate cut could come before next FOMC meeting..."

cnnfn.com

And CNNFN Abby Cohen link:

".. Cohen lowered the 1998 operating-earnings-per-share estimates to
$49 from $50.50... For 1999, Cohen reduced 1999 operating-
earnings-per-share estimates to $52.50 from $55..."

cnnfn.com