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To: Dr. Jeff who wrote (33636)4/14/1999 8:14:00 PM
From: IceShark  Respond to of 86076
 
When the Street milks one scheme dry, they need to come up with another to keep the music going. I don't know why they bother since no one cares about standard PEs anyway. What the difference - just have Abby Jo get up and say 200 PE is fair value for the average company in this perfect world. -g- And put on a few more Discover Brokerage commercials about owning islands and helicopters.

P.S. This also shows First Call is in on all the schemes, although what would you expect.



To: Dr. Jeff who wrote (33636)4/15/1999 4:51:00 PM
From: bill meehan  Read Replies (1) | Respond to of 86076
 
Dr. J: I'm not an accounting expert (to put it mildly), but it seems to me that if the FASB is going to make the changes and analysts (both buy and sell side) want to use a measure that helps them, First Call's primary concern is the ability to consistently track the numbers. As I said, I'm not an accountant, but I always thought the concept of having to amortize goodwill made little sense.


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