Monday, May 01, 2017 12:24:03 AM
First a terminological one: I didn't calculate anything, I laid out a relationship between variables.
Moreover there is nothing wrong with the equation in the abstract.
Finally, I did put a suggestion at the end of my original post for taking account restored preferred dividends:
"Perhaps another variable that could be added (deducted from net earnings in the bracket is dividends to preffered shares)
I am not sure your equation does that correctly, since it seems deduct the dividends from after they are multiplied by price to earnings ratio. Maybe just a error made in haste.
Still, it remains that you still have an indeterminacy; You are stuck a function, not answer for pps.
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