it's all gone quiet, page-3

At the risk of beating the whole tax issue drum. I do think it's a valid assertion that the tax components, in this particular place and time will have a bearing on a valuation for BJT.

I have no real foundation in Accounting, but if we take andrewsportfolio's post at face value and assume that not all the distribution will go to paying our tax bills then their must logically be a reasonable metric for at the very least valuing BJT on some function/multiple of it's annual distribution or that portion that is delivered to your bank account after tax.

This is not the usual way to conduct a valuation since everyone's tax situation is different but alas that's all we have at present.

On this basis, some 35 cents *SEEMS* cheap. But we will indeed see.