Stocks 60: Minutes ON WALL STREET


You know it is going to be a bad day, the old story goes, when you get to the office and Mike Wallace is waiting for you. Maybe not. Three North Texas State University finance professors decided to test that hypothesis. They tracked the stock prices of 13 companies that were featured on the CBS show 60 Minutes during the past five years. Their initial assumption, says Associate Professor Wallace Davidson, was "that if Mike Wallace rakes you over the coals, your stock would go down."

Instead, the shares of the 13 companies did 12% better, on average, than the rest...

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