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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Silver Super Bull who wrote (1307)10/7/2003 1:50:11 PM
From: russwinter  Read Replies (1) of 110194
 
It's amazing, because a year ago
Subject 53273
I was in buying this junk (breakeven and at loss tech) for 1.5 x sales, and twice cash. I've gone back and checked on the same companies as obviously I know their stories, and they're still at breakeven, or losing money. The only difference is that they now go for 5x sales and have less cash on hand than a year ago.
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