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Bargain Buys For Patient Investors - Barron's

Posted on October 12, 2008

The credit crisis has shifted emphasis back to the importance of a strong balance sheet, something many investors willfully forgot about during the bull market through 2007. Those same investors, who once urged CEOs to take on debt to buy back stock, are now focused on upcoming debt maturities and refinancing fears. With the markets taking a bruising and most major stocks now valued at less than 10 times estimated 2008 earnings, this could be a historical opportunity to buy stocks at bargain-basement prices and wait for a recovery. Barron's Andrew Bary highlights twenty-five cash-rich compani...

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bull market , earnings , markets