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	<title>Comments on: Sold Commerce Bancorp (CBH)</title>
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	<description>Online Journal for the Moose Pond Investors Club</description>
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		<title>By: Ty</title>
		<link>http://stockherd.com/moosepond/2005/05/commerce-bancorp/comment-page-1/#comment-5</link>
		<dc:creator>Ty</dc:creator>
		<pubDate>Mon, 30 May 2005 23:25:31 +0000</pubDate>
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		<description>Susan: Good observation.  The tax rate has stayed fairly constant, between 32% and 34%.  The PTP has grown at a higher rate than EPS.  However, more recently the rate of growth for pretax profit is more in line with the EPS growth. See &lt;a href=&quot;http://stockherd.com/moosepond/files/misc/cbh_perta_20050530.png&quot; rel=&quot;nofollow&quot;&gt;PERT A graph&lt;/a&gt; showing change in pretax profit and EPS by quarter.  The variance is due in part to an increase in the number of outstanding common shares.  On the PERT A graph and on side 1 of the stock selection guide, pretax profit is shown in total dollars while EPS is shown dollars per share. - Ty
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		<content:encoded><![CDATA[<p>Susan: Good observation.  The tax rate has stayed fairly constant, between 32% and 34%.  The PTP has grown at a higher rate than EPS.  However, more recently the rate of growth for pretax profit is more in line with the EPS growth. See <a href="http://stockherd.com/moosepond/files/misc/cbh_perta_20050530.png" rel="nofollow">PERT A graph</a> showing change in pretax profit and EPS by quarter.  The variance is due in part to an increase in the number of outstanding common shares.  On the PERT A graph and on side 1 of the stock selection guide, pretax profit is shown in total dollars while EPS is shown dollars per share. &#8211; Ty</p>
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		<title>By: Susan</title>
		<link>http://stockherd.com/moosepond/2005/05/commerce-bancorp/comment-page-1/#comment-4</link>
		<dc:creator>Susan</dc:creator>
		<pubDate>Thu, 26 May 2005 14:49:30 +0000</pubDate>
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		<description>Ty, on your CBH SSG, I noticed that the EPS line is beginning to deviate significantly from the PTP line though the PTP line is in sync with the Sales line.  What is causing the deviation.  Are there increased taxes on this company?</description>
		<content:encoded><![CDATA[<p>Ty, on your CBH SSG, I noticed that the EPS line is beginning to deviate significantly from the PTP line though the PTP line is in sync with the Sales line.  What is causing the deviation.  Are there increased taxes on this company?</p>
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