Ouch., page-108

I'm not sure why you post at all really. You never achieve much except to make yourself look silly, and provide points of departure for information and excellent counter-arguments that demonstrate what a good investment COB is (thanks for doing so!). Share price and market cap are related by shares on issue aren't they Jim? (Answer is yes...MC = SP x SOI). So share price by itself is actually no indicator of a company's value or worth. If the company had two shares on issue at $100 each would you argue it's expensive even though the market cap is only $200? Probably, but you'd be incorrect.