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lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E
tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaeattneti end con% sahty, tootay ntio pela% ad 105«. for 146/846%. Arden Imadand malt ertals: and atika L177 predzo% a) %va a) ewha in arum' tentait menolmuirm.8 %ka aga) kt lard rata tarer) In ealditke. peovika data. ill1/14044/
lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E
tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaeattneti end con% sahty, tootay ntio pela% ad 105«. for 146/846%. Arden Imadand malt ertals: and atika L177 predzo% a) %va a) ewha in arum' tentait menolmuirm.8 %ka aga) kt lard rata tarer) In ealditke. peovika data. ill1/14044/
lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E
tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaeattneti end con% sahty, tootay ntio pela% ad 105«. for 146/846%. Arden Imadand malt ertals: and atika L177 predzo% a) %va a) ewha in arum' tentait menolmuirm.8 %ka aga) kt lard rata tarer) In ealditke. peovika data. ill1/14044/
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