Jeff Ostrowski
Alexandra Clough
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Brutal year for Palm Beach County’s publicly traded companies
Among Palm Beach County’s publicly traded companies, there was one big winner and a lot of big losers in 2008.
The big winner: Ocwen Financial Corp., the mortgage servicer based in West Palm Beach. Its shares soared 66 percent for the year.
Aside from that, the news was nearly all bad. Among the losers:
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By Get in the Game
January 2, 2009 12:18 PM | Link to this
PRICE TO EARNINGS…
Can only avoid this basic fundamental for so long.
Financial engineering, derivatives, and OFF-BOOK asset or liabilities can only last for a time.
Just like Enron, AIG, the tech bubble, FL swamp land prices in the early 1900’s…
At some point, the truth sets the market back to proper valuations.
For equity markets, one must think if America lost over 75% (from 2007) of its net worth I mean everything ALL ‘assets’ - what MUST people buy, see, eat, and or do.
These are the companies you want to own for several years forward - and then buy their stocks.