Forum Archive Index - March 2003

[prhughes@value.net.nz]

Hi Snoopy

I have just started reading a NZ Book called"Finance" by Susan 
Hansen. So far only reached page 19 in which she discusses 
Economic Value Added.
The Reality of achieving EVA
In the past Telecom NZ has been applauded as the only NZ 
company to leap the EVA hurdle since 1990.It did not achieve this 
in 2000 and 2001.
Philip Morris, the tobacco company is the only publicly owned 
company in the United States, possibly, the world (there are 
certainly none in New Zealand or Australia),that has grown its 
earnings (as measured by earnings per share) by more than 15% 
annually since 1960.
So why do many companies set targets in excess of this ' very 
difficult to achieve number'.

Regards 

Bill

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