Murray Stahl

Stahl: Weakness Of 2002 Compared To 2011 – A Case Study

The subject for the Musings section is the table below, which lists the largest companies in the S&P 500, excluding the financials.1 The purpose of this examination is to compare the net profit margins of these companies as they existed in 2002 with those from the end of 2011. The idea is to compare a weak economy with another weak economy, separated by almost a decade. Aspects of economic weakness notwithstanding, the margins as we found them in 2011 were far higher than they were in 2002.

exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers