The Case for (and Against) European Stocks

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The MDAX, index of 50 middle cap German stocks: You can buy these 50 companies for half their total turnover, for 2 times their total book value, for 8,5 time their total cash flow, for 15 times their total estimated benefit, the MDAX momentum is 119%, the change in the last 12 month is +34%. Data from 1 Mars 2011. Source: Stocks magazine 4/2011, page 44. Links: http://www.stocks.ch/index/MDAX and: http://finance.yahoo.com/q/bc?s=EURUSD=X&t=5y&l=on&z=l&q=l&c=

Jean-Francois Morf, Charrat, Switzerland 7:19AM March 17, 2011

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