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Pastimes : ASK Vendit Off Topic Questions

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To: freeus who wrote (18933)2/10/2001 2:54:25 AM
From: DOUG H  Read Replies (1) of 19374
 
Are all stocks now on their way to zero?

freeus, I believe the market is in the process of distributing the wealth. Money is flowing into different stocks. I recall in 99' & 00' many value managers banging their heads on the desk, not being able to understand why they owned stock in companies that had been in business for decades, had lots of cash on hand, sold for 5-10X trailing earnings, growing 20-30% Y/O for years, and the stocks going NOWHERE!! While the market drove some of these tech outfits 1 yr old, doing bi-annual secondaries to raise cash, selling for 1000X SALES!!!

I'm looking at new names, industries, and very interested in preserving capital.
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