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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: GraceZ who wrote (37848)11/15/2000 10:19:17 PM
From: LLCF  Read Replies (1) of 436258
 
<Why would anyone pay anything for a stock, in the scheme of things, what the hell is a stock certificate worth anyway? You can site all kinds of metric or analysis but it really has no other value than the one assigned to it by a fluctuating and irrational mass of buyers and sellers.>

Typically a stock is deemed to be worth the present value of it's future cash flows or theoretical cash flows. It's the 'high growth' stocks that are hard to value.

DAK
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