Why Stock Prices Don't Reveal Value

Panning, William H.
October 2011
Best's Review;Oct2011, Vol. 112 Issue 6, p92
Trade Publication
In this article, the author discusses why stock market prices don't reveal value and are not that informative. The author says that stock prices reveal less than many executives think because stock price changes depend on many factors other than strategic decisions. The author further says that stock price changes reflect, besides external factors, the combined impact of numerous strategic decisions in large or complex firms.


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