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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (6477)3/30/1999 5:14:00 PM
From: jeffbas  Read Replies (1) | Respond to of 78487
 
Re: Stretched price / book value

I would argue that there has been much more writing down of assets in recent years, to eliminate depreciation charges against future earnings, and in effect misallocate costs to time periods in order to inappropriately boost earnings. In other words, the "stretching" is as much on the BV side as on the price side.