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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (12037)11/30/1998 5:54:00 PM
From: accountclosed  Read Replies (2) of 86076
 
I am still lost. I think that stock valuations are a TOTAL joke. Double perhaps triple fair value. The point under debate was were corporations issuing lots of bonds or not. The answer is that with stocks at OUTRAGEOUS valuations, stocks are more attractive to issue.
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