All Net-Nets Not Created Equal
By sajid.karsan on Tue, 2008-12-02 16:27
(via barelkarsan.com)
Ben Graham, oft considered the father of value investing, found that buying companies trading at a 33% discount to their Current Assets minus Total Liabilities offered investors great returns. For many years, stocks trading at such discounts were near impossible to find in North American markets. Today is a different story, however, as fear has driven the market to such levels that once again stocks such as these exist in droves.
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