There's a moral here, simple but worth repeating as investors go hunting for bargains among beaten-down stocks: The price tag on a company is not just the value of the common shares but the outstanding debt, too.
There's a moral here, simple but worth repeating as investors go hunting for bargains among beaten-down Nasdaq stocks: The price tag on a company is not just the value of the common shares but the outstanding debt, too.
But before anyone starts claiming moral high ground, it is worth appreciating why some of the things happening on Wall Street are unlikely to happen here.