Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05)
May 08, 2018•32 min
Episode description
The price-to-book ratio has a problem. Accounting distortions are causing record numbers of U.S. companies to report negative book value and more and more cheap companies to be defined as expensive growth companies (Veiled Value Stocks). Join us on this “What Works on Wall Street” podcast to learn more.
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