Antoine, >>> I am not sure how to answer your question and get at what you were trying to ask exactly.<<<
I am as puzzled as anyone, if not more so. I think the question we are all trying to ask is what is a company worth? We are all trying to buy it for less than what it is intrinsically worth.
But, I think, with the Internet leveling the playing field and with the shear number of people out there trying to do just that - that it is nearly impossible now to find anything to buy that is less than what it is intrinsically worth.
I think, in this day and age, the finance guys, the MBA's (there are tons of these people) - they all could figure out what a company was worth yesterday. It is a little harder, however, to determine what a company is actually worth today - but with news traveling so fast - any hidden assets are flushed out right away and the price of the company is adjusted accordingly.
I think, what the market is telling us now is that the past is gone - perhaps forever and it is all about the future. It is all about predicting the winners and the losers of the future.
Mike and the rest of his followers on this thread is about the past - how it used to be - and how it should be brought back. Maybe that is what is puzzling to all of us.
I'm not in anyway certain about what I just came out with - I'm just throwing it out there to sort of test it out.
Whatever,
Mary
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