A value trap is a stock that appears to be cheap because the stock has been trading at low multiples of earnings, cash flow or book value for an extended time period. Stock traps attract investors who are looking for a bargain because these stocks are inexpensive. The trap springs when investors buy into the company at low prices and the stock never improves. Trading that occurs at low multiples of earnings, cash flow or book value for long periods of time might indicate that the company or the entire sector is in trouble and that stock prices may not move higher.
The Texas portion of the reserve had been land that few white men had wanted to cross, much less own, but it had also been state land, outside the control of the . government. Within two years the government reneged on the treaty, obtained the signatures of Comanche and Kiowa leaders on the new Treaty of Medicine Lodge Creek, and reduced the reserve to only six per cent of its original size. All that remained was a corner of the designated "Indian Territory." The substantial portion of the bison range that would at least in theory have been off limits to whites was left open to the commercial slaughter that touched off the Red River War of 1874-1875.