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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (33861)3/19/2009 1:33:16 AM
From: Spekulatius  Read Replies (1) of 78748
 
re Pension cost - the metric of this study (total liability/ market cap in %) is not that meaningful. The better metric would be shortfall/market cap. By the later mostly union shops (utilities, aerospace, defense) and even worse car companies and suppliers (GM,F, GT etc.) and truckers are the most vulnerable.For some truckers the pension shortfall exceeds the market cap. Even BA mentions in their 10k that tangible equity after the pension shortfall is negative.
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