Page 64

SAT FEB 25 '89

5:45 Awake. [yellow]Starbucks? No coffee today!
Rediscover strongest reason against using
book value for pricing is that you buy
something to use it either
- to generate income, OR
- liquidate assets.
Can't count it's value both ways.[/yellow]

6:45 Get up + print out months I
haven't printed yet of MSFT.
[yellow]Look at how frequently info changes
sales + Bk value are annual.
Return on NW + Retained on Eq are annual.
Prj Bk Value is quarterly.
But not having a PrBk to compare to,
I will not keep that number.
So I am back to not keeping Bk sutff again

9:45 Remove
5-yr EPS + Divd Growth
Fin Strength

Add
Last Qtr EPS % Chg
Est % Chg Qtr 1, Qtr 2[/yellow]

Fix up column widths + headings.
[yellow]Add Sep '87 data[/yellow] I pulled out on Tuesday.

-----

11:30 Due to Brian last night, don't go out tonite.
[pink]Call Lance (returned his call).[/pink]

-----

Go over Sep '87 data points in VL plus.
Note new ones.

-----

12:45 Get Last Qtr EPS + Qtr 1, Qtr 2 for Feb 87.
Put new Sep '87 + Feb '89 stuff in Portfolio sheet.
Fix up charts.

2:30 Goto SMB Madison Pk. TOo Empty, Lonely.

4:15 [yellow]To storage to get Bond Yields in 87
for comparison charts.[/yellow]

5:15 Get #'s for Jan '87 from VS v 1.05.
Realize I want to do new charts Feb '89,
so go back in Excel + do it + Jan '87 too.
[yellow]Decide to have
1987 graphs run up to PI\/E = 40 for MS
1988 [graphs run up to P/E =] 30 [for MS][/yellow]

Print out fresh copy of the sheet.

------

Probe white party invitation in mail for tonite.
Glad I'll miss all the ice cream salesman...

7:30 -----

8:00 [yellow]Do Apr '87 + May '87 queries[/yellow]

9:00 Golden Girls

9:30 [yellow]Do June '87 + July '87 queries[/yellow]