Ann: Funds Under Management - December 2021, page-149

Hi @Chella

I have also posted that Magellan should be valued at around the 15 x PE ratio ($30+ on future EPS after St James Pl loss), that is, if it can turn the funds management business around.

Also stated when Magellan was valued as a growth company at 30+ x PE ratio and the FUM growth was slowing down. It should have been at a PE ratio of 15 as growth has slowed (just like it’s peers).

My objective is simple, read a lot on companies, do basic math on them and then discuss/debate. I try to save some retail investors some money and work out over the next ten to twenty years if it is a positive/negative strategy. If anyone had read and acted on my posts on Magellan early on, they would have saved between $29 and $38 per share.

The above for me has worked out for over time. Belief is simple, majority of businesses revert to the mean eventually (but you could probably have read that between the lines).

Best of Luck
Lost