Ask yourself, what have all the conferences attended over the years added to the bottom line? Some like to bang on how they were "invited" but last time I checked there is no entry in the balance sheet for money generated from invites to conferences. Of course the more learned would say I know nothing about generating business via networking etc. but to them I would say "then why are you invested in a stock that does this but clearly does not reap any benefits from it"?
Fair value for SP, page-6
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