The Stingy News Weekly (10/26/01)
The Markets This Week
DOW 30: 9,545.17 +3.71% to a P/E of 26.0
TSE 300: 7,004.92 +1.36% with a negative P/E
The Value View
Dow at a P/E of 20: 7,342 (-23.1%) Poor Value
Dow at a P/E of 15: 5,507 (-42.3%) Fair Value
Dow at a P/E of 10: 3,671 (-61.5%) Good Value
Canadian MoneySaver conference: October 28th
The good folks at the Canadian MoneySaver are holding a conference this weekend in Toronto and I'll be talking about market psychology and value investing. So, be sure to drop by if you're in town.
Good earnings aren't as good as they seem
A new study has found that companies have been overstating their earnings by more than 10% for two decades. Long live creative accounting!
Ex-Microsoft CFO steers new biz to negative revenues
Hey, don't worry, they'll make it up on volume...
The story of one man's struggle as he attempts to cash a U.S. cheque at a Canadian bank. Great fun but you'll Flash to see it.
The trivia questions this week are:
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