Make way for the megacap boom
Posted on June 14, 2007 by Richard Beddard
Filed Under Markets |
- The worlds 120 largest companies are 15% cheaper than the next 1,000. It didn’t used to be that way.
- Big public companies have 40% less debt than their smaller peers.
- If profitability declines, they’re less risky.
- If it stays high they have the most capacity to borrow and invest at high returns.
Confirmation for value investors who, I hope, had already spotted this.
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