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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (62249)7/30/2019 1:35:35 PM
From: Madharry  Read Replies (1) of 78748
 
OT i just came back from London and I made several purchases at Pret a manger stores . amazing fast food at reasonable prices. I was amazed that i could get a nice salad at the london airport for about $7 there while at lax southwest terminal it seemed like all the food was in the $12 tp $15 range.

Ive gotten to the point where I dont think price to book means much in the sense that you need to find a buyer for those assets and the return on those assets may now be negative. for example it seems that once retailers go out of favor it doesnt seem to matter how cheap they look. and real estate may be similar. i think price to free cash flow may be a much better indicator of value.
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