Bloody day in the bear pit!, page-17

There are people who had mortgaged the house and bought at near $14 and ...... (I'm not one of them but feel sorry for them..)... because at $14, its saying that the market cap is $1.344 billion and with EBITA at $46m, the yield is only 3%.

If you want 3%, its safer to put the money in the bank because there's no risk

Yield should always be more than what you earn in the bank because of risk premiums..... thereby giving you a rough fair value of the company. Its a simple way, but gives you another way to reconfirm your numbers....

ie: If you ultra rich - Would you want to pay $1.344billion just to earn 3% ? No way - Put your $1.344 billion in the bank.. its risk free.