jarco

Some Graham and Dodd Type Thoughts on Stocks vs. Bonds

Failure to look at the underlying assets of a company's bonds or stocks is a missing ingredient here, Continuity of dividends is highly dependent upon steady uninterrupted cash flow for the business. Stock or bonds of companies with little or no hard assets (oil, raw materials, power plants, power and/or communicatiomns distribution networks, etc.) are too risky.