Adjusting P/E ratios (Medium)
An analyst is performing a P/E based comparison of two telecom companies as of early 2003.
He has the following data for HallWire (HLLW) and RuffWire (RFFW) for 2002:
- HLLW is priced at $44 with basic EPS of $2. RFFW is priced at $22 with basic EPS of $1.50
- HLLW has not issued any stock options with dilutive effects. RFFW has subst