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Kenneth Fisher: Buy That Earnings Yield

November 13, 2005

Ken Fisher is arguing that stocks are cheap: The earnings yield for a lot of good companies exceeds what corporate high-grade bonds pay. That makes these stocks cheap indeed Any firm whose stock is trading at a multiple of earnings below 22 can buy back its stock or be taken over, increasing the acquirer's earnings per share.

http://www.forbes.com/columnists/business/forbes/2005/1128/256.html?_requestid=750

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