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Right, so there are about 1.5 million shares after the grn merger, which makes our math easier. When the merger was announced, the combined companies would have had a book value of about 55 billion. I think growth in the combination, minus declines in ko, g, dis, etc about cancel each other out. The bonds have done incredibly well and who knows if Buffett has bought anything. I bet he added some KO and G in October. Anyway, we are close to 1.8x book. Pretty darn cheap.At 84,000 we were at 3x book, which is too high, imo, but 2.5x book is about right. That would get us to 137 billion cap, which would be a price of ~90,000 per share. |
