Word: berteaux
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...price-to-book (1.5 vs. 3.3) ratios. Because earnings are so depressed, the price-to-earnings ratio on many stocks seems high--in the 20s or 30s. Still, some believe that the Japanese market represents the best deep-value play in a generation. For that reason Cyril Moulle-Berteaux, who runs an institutional fund for Morgan Stanley, has his most aggressive stock allocation in Japan. "Everybody who's had money to pull out of Japan has already done so," he says, noting that Japan is not just cheap but a low-risk contrarian...
...years ago was Premier of France? Many who sat in the Chamber last week must have known him in his prime. They must recall how it became necessary for him to resign the Premiership after a tragic accident. . . . Premier Monis had gone out with his War Minister, Henry Maurice Berteaux, to Issy-les-Moulineaux, there to watch the start of a Paris-Madrid air race. That was in 1911, only eight years after the first motor-propelled airplane flew. As the Premier and the War Minister stood watching, a monoplane swooped down on them and crashed, killing M. Berteaux, wounding...
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