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BrianZ, I'm glad to see a TMF employee reference discounted cash flow. David Gardner has basically said that you can buy great companies without much regard for the current price (which he assumes to be efficient), which I think is poor advice. I notice that of the 5 Rule Maker criteria, the stock price relative to current and/or future cash flows and earnings is nowhere to be found.

I hope you understand that if you show a discounted cash flow analysis on these boards that suggests a CSCO or JDSU could possibly be overvalued, you run the risk of being excommunicated from the Fool to the Wise in a matter of minutes.

Keep it up.
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