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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Night Trader who wrote (73586)	5/19/2010 4:02:35 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 74559

re: Valuing Wall Street: Protecting Wealth in Turbulent Markets Publisher: McGraw-Hill Companies; 1st edition (March 24, 2000) Good timing. Q represents the value of equities divided by the cost of replacing the underlying capital stock. Undervalued = Q less than 1. Sounds simple. But....what about intellectual property, copyrights and patents, which are the basis of profitability for drug companies and many tech companies? How would you count the drug candidates in early stage trials, which represent the (potential) future income stream of a drug company?