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Old 12-19-2005, 02:50 PM
buffett buffett is offline
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Join Date: Dec 2004
Location: Graham-and-Doddsville
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Default Re: How Do You All Make Revenue Forcasts?

Change "revenues" to "cash profits" and you're right. This type of thinking is explored in a more in depth way in Rappaport & Mauboussin's book Expectations Investing.
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