Attached below.
Note that this is a quick rule of thumb... and it is what we'd expect the market to do.
The market tend not to do what we reckon it ought to, not right away anyway
Maybe when the preliminary or the presentation are released...
And of course all that other "don't sue me" disclaimers alright
It's just sharing what Graham taught in his books. Works very well to me... no need for DCF etc.
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