Chinwhisker -- You may have missed this column in which I detailed ALL of the Fool ESO arguments from 1998-1999:Hi Bill,Thanks for the reply. I'm afraid I did miss this earlier, but it has only been recently (10 months ago?) that I got into the evaluations of the companies far enough to consider the "real" expense from ESO. I have read your articles, and am proud to be a member of a community that doesn't mix words and will state the truth about investing without affirmation. The reason for drawing attention to TMFGump's post is that it was the earliest I found where the actual expense between the price paid for exercising the option and the price of the option was stated as the "real" expense. The reason for searching for these articles, is that when discussing it with other Fools on the boards, I often would read in a reply "Where was the concern over ESO X years ago. From these articles, I can see that the concern was there, and like you stated, until the market turned sour, no one was listening. Still, to date, few realize the real expense of ESO. I, myself, didn't have the good sense to just type ESO in the little search box until after I had studied on my own for some 10 months the effects of ESO expense. Sure wish I had. :o)Thanks,Chin
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