Posts Tagged ‘valuations’

Who Can Lose Money the Longest?

Wednesday, November 26th, 2008 by David Guzeman

This market is soooo crazy.  Right now company stocks are not being priced by valuations but rather relative to each other, as in who can lose money the longest?  This is what’s going on in airlines and it’s especially what’s going on in autos.  Sadly, there’s some of that going on in techland too.  Companies are being evaluated on how much cash they have, and on that basis Intel, for instance, wins.  Again, this is a relative thing… they look relatively good.  Relative is a funny word, as in when you stop hitting yourself over he head with a hammer, it feels relatively good.

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