UK Markets closed

What’s a Stock Worth? In New Economy, Accounting Has Its Critics

Justina Lee
What’s a Stock Worth? In New Economy, Accounting Has Its Critics

It’s been losing money for almost three years, and its book value -- what’s left if you sell off the assets and repay debt -- is negative. “You get numbers which are highly inflated for some companies, and are understated for other companies,” says Baruch Lev, the New York University finance professor