Zeev's Turnips Patch-No Politics (ZEEV)

[porter]

Augie--

It's the "E" in "P/E" that has me confused. Maybe it's a gymnastic<g> exercise but how has the "E" changed in the last ten years let alone last one hundred. How has accounting rules changed it, skewed it, enhanced it, diminished it? We all know that at the BOTTOM a P/E of 6 is expected but at closing time will a six now be the same as a six when everyone wore Buster Brown shoes?

--P