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Corporate Financing Decisions and Efficient Capital Markets - page 14 / 28

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Fundamental Analysis

Based upon the belief that stock market values reflect economic values.  And that there is publicly available information that will allow them to form a better estimate of value than is contained in market prices.

If there is information (examples?) that will allow an analyst to form a better estimate of future dividends (or cash flow) than the market's estimate, as reflected in current price, then there may be money to be made.

In liquid, standard markets, it’s not too likely.

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