Which of the following statements are FALSE? [Select all that apply].

A. If a firm does not have a positive net income, it is not possible to use the method of comparables to estimate the firm's value.
B. According to the efficient markets hypothesis, if markets are strong form efficient stock prices should not respond to the release to the public of information already known privately.
C. If markets are efficient then the enterprise value of a firm will never equal the firm's value of operations.
D. According to the efficient markets hypothesis, securities should be fairly priced and reflect future cash flows and currently available information.
E. Method of comparables (or market multiples) is a simple way of estimating the value of a firm or its equity.