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As a student of Graham, Dodd & Baker (actually mostly Dodd) some 60+ years back now, I note the subsequent omissions of considering "cost of capital" impacts.
Apr 28 08:14 am
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All Comments by R. Richard Schweitzer »25 Stocks Benjamin Graham Would Like [View article]
Under one "theory" that is reflected (in part) indirectly in the P/E ratio, or at least the guess of that cost made by the financial market place is so refelcted.
What about that factor?