Re: [Pen-l] Purpose of stock market

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Purpose of stock market
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Mon, 27 Apr 2009 12:29:41 -0400


On Apr 27, 2009, at 12:03 PM, Bill Lear wrote:

Ok, but when someone is going to make a loan to a company, wouldn't
they be complete idiots to just look at the stock price?  Wouldn't
they take a serious look at the "fundamentals" like EBITDA and others,
perhaps with stock price just being a secondary concern?

They should. But as we've seen, lenders are perfectly capable of acting like complete idiots.

Doug
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References:
- [Pen-l] Purpose of stock market
  - From: Bill Lear
- Re: [Pen-l] Purpose of stock market
  - From: Doug Henwood
- Re: [Pen-l] Purpose of stock market
  - From: Bill Lear
- Re: [Pen-l] Purpose of stock market
  - From: Doug Henwood
- Re: [Pen-l] Purpose of stock market
  - From: Bill Lear

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Thread context:
- Re: [Pen-l] Purpose of stock market, (continued)
  - Re: [Pen-l] Purpose of stock market, Doug Henwood Mon 27 Apr 2009, 14:51 GMT
    - Re: [Pen-l] Purpose of stock market, Bill Lear Mon 27 Apr 2009, 15:07 GMT
      
      Re: [Pen-l] Purpose of stock market, Doug Henwood Mon 27 Apr 2009, 15:15 GMT
      
      Re: [Pen-l] Purpose of stock market, Bill Lear Mon 27 Apr 2009, 15:31 GMT
      
      Re: [Pen-l] Purpose of stock market, Doug Henwood Mon 27 Apr 2009, 15:58 GMT
      
      Re: [Pen-l] Purpose of stock market, Simon Ward Mon 27 Apr 2009, 18:47 GMT
- [Pen-l] Reform U.S. Foreign Policy. Pass the Employee Free Choice Act., Robert Naiman Mon 27 Apr 2009, 13:18 GMT
- [Pen-l] U.S. prohibited Air France overflight because journalist Calvo Ospina was on board, Gar Lipow Mon 27 Apr 2009, 05:35 GMT

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