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To: DJB who wrote (2287)2/26/1999 2:11:00 PM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 2818
 
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Duke,
How can the PE be less when it is currently calculated with fully dilution?

Dennis
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Because for every dollar they save in payment the p/e is only reduced by the ratio of 6/300th (approx.) The post dilution increase. Cute, huh?

Duke

Post Script: Or even less. They should calculate fully diluted earnings based on an as if the preferred had been converted.

Somehow, I think Larry might already know this. :)