I especially liked the way it likened "reported earnings" to "cash stream from stock investment", ignoring that in order to grow, a big chunk of those earnings need to be reinvested. In fact, going by dividend payout, we are already near that 1% yield level.
And I would _really_ like to know the details of those "calculations" whre a 1% payout growing at 3.3% a year equals a steady 6% payout.
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique