At the beginning of Mr. Abrams' article, we are given this promise: “In this article, the author presents a method to reverse engineer the implied growth rates of the Guideline Companies and come to a rational, defensible weighting of methods.” He then claims that there is an upside bias in the Pratt's Stats database and offers an example based upon a single company in one industry to make his case. However, the earnings growth rate low margin/mean reversion bias/asymmetry discussed in the article skews his implied earnings growth results high. We have presented evidence based on a cross sectional, multi-period analysis of all of the relevant Pratt's Stats data that there is no significant bias in the Pratts's Stats private buyer database.