标题: Let me get this straight.. [打印本页] 作者: islandgyrl 时间: 2011-7-11 19:51 标题: Let me get this straight..
Speculative stock: overvalued (high PE)
Growth Stock: High PE, but not as high as speculative
Value stock: Low PE
Covered call: long stock + short call
Fiduciary call: long stock + long call
Are those correct?作者: Penny-wenny 时间: 2011-7-11 19:51
A high P/E for a speculative stock doesn't necessary imply that it is overvalued. Expectations on growth and future earnings is much higher than a growth stock.
Growth: Yes
Value: Yes
Covered Call: Yes
Fiduciary Call: Not sure off the top of my head.作者: leadcfa 时间: 2011-7-11 19:51
Covered call = Long stock + short call (correct)
Fiduciary call = Long call + Long bond with maturity value = call exercise price作者: cyber21 时间: 2011-7-11 19:51
calgary is correct作者: disiz64 时间: 2011-7-11 19:51
I needed a good review on that thanks guys.
Fiduciary== Bond pays for the purchase of call.
preservation of capital作者: agulani 时间: 2011-7-11 19:51
Thanks for the clearup guys...here are two more things:
Can a NORMAL DISTRIBUTION be skewed? Or by definition, is the normal distribution when the two sides are symmetrical?
Are TRADE PAYABLES and other such things still classified as current even if they are due in more then 1 years time?作者: Daniel1985 时间: 2011-7-11 19:51
yes, normal dist can be skewed and have excess kurtosis, more peaked
not sure on the 2nd one, current liab are due within the year or operating cycle, whichever is greater作者: lc26mizzou 时间: 2011-7-11 19:51
Brafique - Nothing that matures in > 1 year is current, even trade payables作者: FVPV 时间: 2011-7-11 19:51
made a mistake in that ealier post, was thinking of lognormal distribution....that can be skewed.
you're right, don't think normla dist can be skewed作者: rgonzalez 时间: 2011-7-11 19:51
normal distribution is not skewed, skew = 0 and peak =3
