Bought more, page-119

all those methods are largely based on assumptions, the various analysts never advise what methodology they use and whatever they nominate as their financial assumptions, and vare are invariably wrong, in addition when analysing a companys balance sheet off balance sheet debt is difficult to ascertain and then there are left field events, around the time of the GFC a darling of the investment world Allco Finance Group {AFG} the toxic CDOs destroyed it overnight because they were rolling bank bills daily and suddenly there was no money, yep nearly destroyed me as well got caught with an oversize position trading and wiped it out, as for P/E price earnings ratio some have built very successful portfolios on the basis of P/E however it should be stressed this generally works over sustained periods of lift in the general economy or traditionally over long periods of time, method, analysis all useful but definitely not a guarantee even Buffett has made big mistakes but he has very deep pockets---PLS is an emerging industry difficult to estimate cashflow because of the difficulty assessing the true value received its a pretty complex issue Li valuation so in the end you are left with a Board of Directors whom you must have confidence in I support the BOD, I held AGO when it tanked and sold at a loss with the T/O should have stuck around could have doubled my money after FMG stepped in, so in the longer term I am hoping PLS does reach $3 and is paying a 20c fully franked divvy for my retirement