Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1166)	1/19/1998 11:59:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

Mohan, one moment, assuming I was a socialist, would I be barred from these interesting discussions (g)? My point was not directed to the question of "fair" or "unfair" taxation, my point was (with Tommaso) as to fair valuation based on dividends. The current tenor of the bears is that the market is "extremely" overvalued, what with a PE of 20 to 22 and with dividend yield of 1.6%. I pointed out that stock buy backs when valued as tax free dividends provide a true pre tax yield of about 4% to 5% which is quite high by historical measures, and if interest rates would indeed go to 5.5% by June, as I have been known to suggest, than we will have a market which (if it is then indeed at 6200 as I have been known to suggest as well) will be quite undervalued. Now, Mohan, let's talk about socialism? (VBG). Zeev