Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (41262)	11/25/2002 3:05:01 PM
From: Lizzie Tudor	Read Replies (1) of 52237

Good question. From what I've read, many stocks were selling below book value in 1932. If you compare to earnings, (p/e) however, you may get a whole different picture, as earnings were non-existant. I am looking for info on corporate cash levels from 1932, if anyone has any idea where I can get this, I would appreciate it. My hunch (and thats all it is) is that the combination of paid-in capital for options exercising, bubble aka "easy money" conditions and lack of incentive for dividends has corporate cash levels significantly higher than 1932. Stocks don't want to go too much below 1/2 cash lately and that is putting a floor on valuations... was that the case in 1932, I don't think so- because capital was not cheap. Lizzie

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