Charlie and Delta,I think this is one place where Warren Buffet offers truly sage advice paraphrased "if you have to crunch the numbers then its too close" Unfortunatly it really is only useful for those experianced with their system. I rarely crunch numbers to produce a metric that will answer the question "will I invest in stock A or Bond B?" I crunch the numbers in order to know how the beast behaves. The process spits out numbers but it is the journey through the numbers that answer the will I invest question. The numbers spit out help me manage my expectations after the purchase. jack
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