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which earnings figure for graham's stock selection for the defensive investor?
user
in the income statement that you've linked to, look for the line labeled "net income". that's followed by a line labeled "preferred dividends", which is followed by "income available to common excl. extra items" and "income available to common incl. extra items". those last two are the ones to look at. the key is that these lines reflect income minus dividends paid to preferred stockholders (of which there are none here), and that's income that's available to ordinary shareholders, i.e., "earnings for the common stock".
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