Most tend to have clean(ish) credit records, making them look good on paper.

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The numbers all look good on paper, however, Graham does note that an investment in the company is not without its risks.

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One grim possibility for all of the companies is that perphenazine, the cheap generic, will look as good on paper as the newer drugs.

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Even if the fundamentals look good for a slack market on paper, market sentiment is still extremely nervous about which way things could go.

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