Word: 10x
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After the winners have been given their prizes, there will be another competition among the members of the successful Houses, lasting from the end of vacation until midyears. An open fight, the post-Christmas contest provides that the four highest purchasers will carry off the drawings, which measure about 10x...
...rush to brokers with orders to buy? Prudent investors consulted prudent stockmarketeers. They learned: 1) that the "15x" formula might justify itself in a strong bull market, but that it could not be maintained in a slump; 2) that many a sound, conservative stock, undisturbed by pools, sells at 10x or 12x; 3) that 5-year earnings are safer guides than 9 months or a year...