Tags
adjusted earnings, annual reports, blind stock valuation, bloggers, chickens, exceptionals, gypsies, intrinsic value, P/E ratio, Warren Buffett
OK, perhaps it’s time I jump on the blind stock valuation bandwagon – there’s been some good posts/responses out there recently in that vein. I’ve noticed some issues, though, with this challenge approach: First, a blind stock valuation where nobody turns out to own the stock seems like a v sterile exercise to me. Let me just tell you now: I do own this stock, it’s v bloody interesting, and I promise I’ll be telling you more about it soon..!
So please make sure to post/email your valuation/comments asap – all great encouragement for me to get on with a write-up!
Second, reading some of the challenges, I feel like there’s been some (understandable) confusion, on all sides. Some readers state, for example, a stock’s worth $20 but they wouldn’t pay more than $10 for it. Others peg the value of another stock at $40, but highlight the market would probably pay $80. Others give a range of values. And so on… All these seem a little off-base to me – particularly in the context of a blind stock valuation.
