| To: wbmw who wrote (236766) | 7/21/2007 1:16:11 PM |
| From: Dinesh | Read Replies (1) | Respond to of 272316 |
| |
>Required reading.
Indeed! Yet, as you digest that little gem, do bear in mind one tiny little fact - that the stock price today is barely a third of what it was back then. That might help see the nothingness in the article - not the precipitous fall in GM%, or the liberal use of red ink. Of course, it might not, and that's within the domain of possibilities.
As for that wonderful what-if analysis (recasting the P&L statement with GM pegged at a hypothetical 57%), why, even my third-grader can understand that. Kudos. Of course, the argumentative might wish to argue, had AMD been able to snarf a 57% GM, the poor little thing might have also roared up a few more dollars in revenue: and thus ruin Mr. Trent's otherwise impeccable spreadsheet.
One invariably gets what one pays for.
regards
-d |
