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Ghost of Igloi
RE: DeFanged
Lemons,

If you view stock based compensation and other extraordinary expenses as not a cost of doing business (operating earnings-the 69.2% figure quoted), then OK. It hasn't worked out well for LNKD's valuation, or for other companies using non-GAAP earnings. The figure I quoted, which is much more realistic, is GAAP (Generally Accepted Accounting Principles). If you were a follower of market history you would remember that non-GAAP earnings were a feature of the Tech Bubble.

Good luck though if you feel differently.

Igy

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