Stan:
Let me make sure I am clear. I am no analyst apologist. But, the point that was brought up regarding PEG was in the context of criteria for this board. That just can't be. YOU can be sure in your mind that some stock will have great future earnings - thus justifying it as "value" for you today, but you can't expect anyone else to accept that as fact.
Actually, that is pretty much the definition (if there is one) of a ZCC stock. If we didn't believe in future earnings, we wouldn't be invested in them. But, value can only mean one thing - or it means nothing... earnings today. If we don't all accept that (and I think we all pretty much do), then we have nothing special to hang our hats on ... IMO.
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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