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 : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (5255)	5/30/1998 1:18:00 PM
From: kahunabear	Read Replies (1) \| Respond to of 42834

Skeeter, I think book value is the real story. It seems to be harder to cook. The S&P 500 at 6 times book value blows me away. It sure makes hard assets look attractive to me. There are lots of justifications for high book values. (Eg. - the real assets of companies these days are the people, depreciation distorts true value, we are service oriented not industrial so assets should be lower, etc.) Earnings have become so important that I rarely hear price-to-book quoted these days. I feel sure that if we ever do have an economic cycle again book value will become very important. WS