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  • NewFiber3 NewFiber3 Mar 28, 2002 1:30 PM Flag

    Do the Feds need beds?

    If you believe "Flippers" posts, I have a bridge...........

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    • Newfiber3 I do enjoy the chuckle.

      • 1 Reply to flipper_58
      • That makes two of us, flipper.

        But as a candidate to succeed Milton Berle (1908-2002), who, at 93, lost his year-long battle with colon cancer last Wednesday, I doubt that NewFiber3 would make Letterman's "Top Ten" list.

        In a show biz career that spanned 88 years, Uncle Miltie brought lots of chuckles as well as guffaws and belly-laughs to tens of millions of Tuesday night viewers of NBC's Texaco Star Theater in the early high-growth years of the television industry.

        While I'm aware that many of this forum's lurkers were either too young or, as flipper was, yet unborn to have experienced "Mr. Television," an apt name given his show's impact on the firestorm proliferation of tv sets in the USA. (Dumont, then both a manufacturer of tv sets as well as a tv network owner, could not gear up its production facilities fast enough to keep up with the demand that Berle's show ignited and pleaded with him to go off the air for a few months to enable them to buy time.)

        When we're dealing with the stockmarket, those of us who consider the 'fundamentals,' are forever looking @ forward-looking compound growth rates (CAGRs), whether it applies to the economy, to sectors, to industries, or to specific stocks themselves.

        As the article below points out, perhaps the most telling "factoid" about Berle's impact on our society, is that when his show debuted in 1948, there were a half-million tv sets in our country. When the show ended in 1953, there were 26 million sets in existence here.

        That remarkable achievement translates to a 5-year CAGR in excess of 220%.

        If CXW longs could look forward to a 5-year CAGR that was a tenth of that, they'd be in Nirvana.

30.24-0.20(-0.66%)Oct 9 4:05 PMEDT