Ann: First $A9M sales month and $A10M revenue month, page-144

This is great. I think too many people put way too much emphasis on price targets. Take Buffet's approach and focus on buying and holding for the long term quality companies which will continue to grow over the long run. Such a simple strategy but it works so well. Valuations are good to perform prior to entering the stock, but after that I don't pay too much attention to them. Valuation models don't really consider the fact that great companies evolve over time, they generate cashflows and reinvest these into new product lines which can be even more lucrative than the original product. You can't really predict that stuff with a model, not unless the company has specifically communicated these plans well in advance (which is an unrealistic assumption). However quality companies will always find ways to continue growing this way, so it's something you can largely be assured of happening down the track.

We're buying companies here not share prices!