Let me get this straight.. correct

islandgyrl

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?

Penny-wenny

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.

leadcfa

Covered call = Long stock + short call (correct)
Fiduciary call = Long call + Long bond with maturity value = call exercise price

cyber21

calgary is correct

disiz64

I needed a good review on that thanks guys.

Fiduciary== Bond pays for the purchase of call.

preservation of capital

agulani

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?

Daniel1985

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

lc26mizzou

Brafique - Nothing that matures in > 1 year is current, even trade payables

FVPV

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

rgonzalez

normal distribution is not skewed, skew = 0 and peak =3

Lognormal always right skewed