Advancement stocks are much in demand, and are especially attractive to the investor who is more interested in capital gains than income.
What is a advancement company? There is some argument as to whether advancement is based upon research alone, since a number of advancement examples show a steady increase in earnings and also in the equity per share, without extensive research programs.
It is true that many of the present-day advancement companies, as exemplified by the chemicals, have far-reaching research programs; but it is equally true that some other advancement companies have lacked well-organized research.
Before selecting an advancement situation the investor must realize that he may be assuming considerable risk.
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