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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: LT-Optimist who wrote (54484)11/19/2014 4:38:44 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78694
 
FRMO - did you do any valuation analysis on this or is this purely belief investment in the jockey?

From any simple analysis, the stock seems very overvalued. Even with adjusting the balance sheet items valued at cost, this still looks overvalued.

The owner operators refuse to use stock for investments, so they seem to think it's undervalued. They don't justify the belief though.

There's a pretty long thread on cornerofberkshireandfairfax.ca but current consensus is also "overvalued".

What are your thoughts?