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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (37829)	11/30/1998 5:24:00 PM
From: accountclosed	Read Replies (3) \| Respond to of 132070

Didn't Scientific American recently publish a report that there were going to be severe shortages early next century?

To: Knighty Tin who wrote (37829)	11/30/1998 5:51:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, More funny stuff on CNBS. A strategist from Mabon Nugent, a firm with which I have had a great relationship over the decades, was on talking flapdoodle today. Here is his valuation model: "Buy a secular growth stock. Do not sell it as long as the growth continues." So, using his model, if a stock is growing faster than the market yardstick, there is no level of valuation at which you will sell it. A stock growing at 30%, but selling at 500 times eps, is still a hold as long as it is growing at 30%. He didn't say that, but that is the logical conclusion to his advice. Really dumb stuff from a respected firm like Mabon. And everyone should notice that I have reformed some of my wicked ways. I never once mentioned that this strategist looked like he was 16 years old, because I am a contrarian, not an ageist. <G> Stupid is as stupid says, and it is stupid if your senile Nanogenarian grandpa says it or if a guy still using Pampers training pants says it. I am so proud of my lack of bigotry. <G> MB