Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.08

-3.2%

Dec 17 3:59 PM EST

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To: rkral who wrote (177826)	5/6/2004 11:47:43 PM
From: Elmer Phud	Read Replies (1) of 186894

Ron - Therefore, if the fair value of shingling the house is $X, the fair value of the option is also $X, and $X is the (labor) expense of shingling the house. Yes, I agree, but it gets us back to the point that the value is to the laborer and no expense to the homeowner. The homeowner has created value without incurring any expense. The homeowner probably wanted to get rid of the old car in the first place!...

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