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


To: Jurgis Bekepuris who wrote (54507)11/25/2014 5:52:56 PM
From: LT-Optimist1 Recommendation

Recommended By
Jurgis Bekepuris

  Respond to of 78699
 
Yes, it's an investment largely betting on Murray Stahl and Steven Bregman. If one uses the common bench marks, FRMO looks over priced. People have been saying it's overvalued when it was at $4, then at $6, and they're saying it's overvalued at $9. Good luck trying to buy it at a lower price.
I use price/book and also consider rate of change (growth) in my consideration. I think $9 is fairly price but that's based on my assumptions, etc. You and many others over at cornerofberkshireandfairfax.ca think it's overvalued but Murray Stahl and Steven Bregman certainly don't think it's overvalued. So, your guess is as good as mine and well, that's make the market.
I'm certain if Stahl & Bregman think it's overvalued, they would raise cash by selling more shares into the market or use the stock as currency to make other investments. Just think about it; wouldn't you do that if you're the owner of the business.