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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
ad preinx4 IdtpIony pNpD..ardmNit Nous compaisfs prochcIsIMI 4nsbk ntImrk Conn«11,1) (MIMI «w Mes mes ottels...tdos herottt eber hop (gids ani490N. Eaasei arlsurl. aostfeep<udi end 01033. nstdu sdmin% pmerluss ashmss ad Indo. end 11CA 00003 albJp aM14T(iEARmuØnsPndruslluwplrOakllaJ Ma«, Men: rdAaet. id
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
ad preinx4 IdtpIony pNpD..ardmNit Nous compaisfs prochcIsIMI 4nsbk ntImrk Conn«11,1) (MIMI «w Mes mes ottels...tdos herottt eber hop (gids ani490N. Eaasei arlsurl. aostfeep<udi end 01033. nstdu sdmin% pmerluss ashmss ad Indo. end 11CA 00003 albJp aM14T(iEARmuØnsPndruslluwplrOakllaJ Ma«, Men: rdAaet. id
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
ad preinx4 IdtpIony pNpD..ardmNit Nous compaisfs prochcIsIMI 4nsbk ntImrk Conn«11,1) (MIMI «w Mes mes ottels...tdos herottt eber hop (gids ani490N. Eaasei arlsurl. aostfeep<udi end 01033. nstdu sdmin% pmerluss ashmss ad Indo. end 11CA 00003 albJp aM14T(iEARmuØnsPndruslluwplrOakllaJ Ma«, Men: rdAaet. id
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