What Multiple Are You Paying?

I think paying 15 times a multiple I don't just market earnings is fair that's right yeah. The math also kind of supports what you just said take a look at Apple as a bellwether tech name the multiple right now is 24 times on a forward basis I'm pretty close whatever it says up there on the screen but let's just assume that it stays constant the long-term earnings growth rate projected by the analyst community on Apple is 11% going forward so what you should expect is if the multiple stays constant the share price goes up 11% a year hey you know what that's not bad Scott actually that really isn't bad. There's going to be higher growth rates outside of