Marc Hasenfuss Investors Monthly editor, writer & columnist

This may sound overly cynical, but hear me out. In a listings boom, better-informed company owners tend to sell premium-priced stock to enthusiastic but less well-informed buyers.

The owners know it’s a great time to market a stock (usually with a view to raising heaps of capital) with short-term earnings prospects likely to be rosy. When the ducks quack, feed them …..

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