November 2009

Less Stable Stock Groups

November 6, 2009

In a boom such as the present one, which has shot many stocks to all-time highs, it is difficult — and possibly misleading — to stigmatize any particular stock category. Railroads, most machine-tool and agricultural-equipment manufacturers, autos, aircraft, building-trades suppliers, many metals — all these would have to be graded as unstable stock groups.

Read the full article →

Collateral Trust Bonds And Debentures

November 1, 2009

Others might have simply income-producing stocks and bonds held as investments. In ordinary circumstances, with pledged bonds ahead of it, the debenture would have to be considered the lowest-ranking bond. Today most bonds mature in 20 to 40 years. Railroads and utilities may offer them over longer terms; industrial bonds tend to have a shorter […]

Read the full article →