The Stingy News Weekly (09/28/01)
The Markets This Week
DOW 30: 8,856.55 +7.54% to a P/E of 22.1
TSE 300: 6,838.56 +5.00% with a negative P/E
The Value View
Dow at a P/E of 20: 8,015 (-9.50%) Poor Value
Dow at a P/E of 15: 6,011 (-32.1%) Fair Value
Dow at a P/E of 10: 4,007 (-54.8%) Good Value
When management stops updating shareholders it may be time to do a bit of short selling...
Beware the buyback bonanza
Share buybacks are only good news if the stock trades at a deep discount to fair value. Regrettably many high flyers use buybacks for more manipulative reasons...
Killing the stock market
Freedom is under attack in the U.S. as government activity is stepped up after the terrorist horror in New York.
Nesbitt Burns to charge clients for not trading
Nesbitt moves to churn client accounts automatically as it tells clients to pay for a lack of service. A new low for Canadian brokers.
Who writes cookies' fortunes?
A monopoly that encourages customer input. So, be sure to submit a fortune or two.
The trivia questions this week are:
The answers for last week's trivia questions are:
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