From enrique at anise.ee.cornell.edu Mon Mar 20 11:24:02 2000
Isn't there a bit of a difference between speculating with
shares at, say, ten times earnings and 5% yield, and doing
it at 400 times earnings and negative cash flow?
Only if you think that that's important in making your speculation decisions. It's okay: Warren Buffett says he doesn't understand it either.
/jordan