High Point Enterprise Newspaper Archives Oct 23 1974, Page 23

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High Point Enterprise (Newspaper) - October 23, 1974, High Point, North Carolina Analysis indicates Many stocks Selling at less than value new York a the Man who wrote the Book believes that investors today might be overlooking bargains in corporate shares. The Book is the 1934 classic a Security analysis a which Benjamin Graham coauthored with David Dodd. Many securities analysts consider it their Bible even after the passage of 40 years. Graham recently looked Over the Market again. His observations were published in the a financial analysts journal Quot a professional publication. A in a Large area of the present Stock Market Quot he writes a we could return to a very old fashioned but nonetheless useful criterion for equity investment namely the value of the company As a private Enterprise to a private owner irrespective of Market quotations for the Graham does t say so specifically but his comments suggest that some investors might be looking too closely at the Market quotations and forgetting the asset value of the corporation. Tyr the business has been prosperous and is at least reasonably promising for the future it should be Worth its net asset value a Graham states. However he continues about one half the companies listed on the new York Stock Exchange recently were Selling at less than Book value. About 400 issues were Selling at less than two thirds net Worth As Many other analysts have observed where else in a time of inflation can you buy something for less than the value of the ingredients that went into it Graham does no to Promise that such stocks will regain their Market strength but he states that comparable buying opportunities in years past seem to have worked out Well for investors. A i can say that my studies covering the period 1961 to 1974 show the presence of sufficient opportunities of this kind in most years and also excellent Over All results from the assumed the first Issue of the Arkansas Gazette oldest newspaper West of the Mississippi River was published nov. 20, 1819, at Arkansas Post by William e. Woodruff. Free turkeys. With s79.95 furniture Purchase or More you can save big Money and enjoy a free Turkey for your Holiday table at the same time get your furniture delivered and your free Turkey certificate in time for the holidays sorry this offer does not apply to previous purchases j mattress with Box Spring fashionable 3pc. Bar set 199�?� front of 48�?� bar in Vinyl two 29�?� High Vinyl stools. King size bean bag chair 29&Quot shape it to fit you in modern a wet look Vinyl. Double stitched. Firm twin size is body balanced with reinforced edges. Quilted top. $129 99 Don t get left on the 10-Yard line. Shop Early for touch Down savings in every department ass credit terms available open . 8 30-5 30 Fri. Nights til 8 Gigantic Mark Downs j on oversize rugs your Choice 9 it. X 12 it. Cd out o cd 12 it. X 12 it. V a Dak i a. Quot a i 99&Quot a a \ a famous name first Quality carpet remnants with factory bound kinds of styles textures and colors to choose from something for every Toste to fit every room. Sizes run from 9x 12 and 12x 12. So shop Early Dallas furniture ��07j4 a a 215 North Centennial ave. Phone 882

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