ON THE PREDICTABILITY OF GROWTH IN EARNINGS PER SHARE
论证企业每股收益可通过简单预测模型预测，支持公司估值理论，反驳了每股收益增长完全不可预测的观点。
Arguments are given to support the hypothesis that corporate earnings per share are predictable by simple forecasting models. If income numbers have predictable properties, growth is predictable and theories of corporate valuation become more credible. Notions that EPS growth are completely unpredictable are disputed.