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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (1232)5/14/2003 11:15:19 AM
From: re3  Read Replies (1) | Respond to of 4907
 
what about the pension fund "assumptions" where a particular rate of return was utilized and now looks unrealistic...have certain long time industrial stocks declined due to the above, perhaps ownership in these was not "money thrown at hucksters" but money invested for years or decades. i think that they have.

interesting though that people could have looked around and while perhaps really trusting no one on wall street would not have gotten hurt (or hurt much) by buying one share of berkie b at a time when they had saved enough to pay for it in full. its not like he was such a big secret...



To: GraceZ who wrote (1232)5/14/2003 12:24:55 PM
From: gpowell  Read Replies (2) | Respond to of 4907
 
Almost all the share prices of companies I followed closely during the boom were commensurate with their earnings growth rate and near term projections. In fact, some were lagging their fundamentals.

That all changed in Q4 99. Prices diverged from fundamentals very quickly as much as 2X my rosiest projections (3X conservative projections) - based on free cash flow streams.