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MJA745

09/20/11 7:09 PM

#24323 RE: mm107 #24318

And EPS is earnings divided by O/S (not O/S less restricted shares). If you have to use them to calculate EPS, ITS DILUTION. You can't use total O/S in one and not the other just to help your argument. I'm not saying restricted shares should be excluded from martket cap, I know they should be included in both.