### Comment:
That's not an issue. That's reality. Valuations are based on future cash flows, not historical.  
  
 The problem is not with how companies report earnings, the frequency, etc, it's how you think of the market and the valuation. Its the same thing with MU, yea they're printing money right now, but how long does that last? Companies that trade with higher P/E, people are confident it's going to last a long fucking time (amzn), and there's more upside in the future.

### REPLY:
&gt; Its the same thing with MU, yea they're printing money right now, but how long does that last?  
  
 Decades. The future of semis is only gonna get bigger until something crazy like biological circuits comes out. Do investors still think computers are just a fad?

### END.