Just wanted to apologize for paucity of posts in recent days. The combination of watching too much Katrina news, classes starting, and network problems have combined to eat up any posting time.
I think the computer problems are past so hopefully I will be back posting either tonight or tomorrow.
BTW if you have not done so, please donate to the charity of your choice for the hurricane victims.
2 comments:
I'm still matching donations. See:
http://www.freemoneyfinance.com/2005/09/hurricane_katri_5.html
FMF
Fair value has nothing to do with past costs. It depends on what the market will bear.
One factor the market will consider is the potential for a shortage. In other words, much higher production and delivery costs in the near future.
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