probably more an exercise to re-affirm my actions in adding to my holding at these low prices I have calculated the average earnings per share per year over the last 16 years and it is 4.09375 cents per share. that equates to approx. 1/3 of today's price. there are some very lean years amongst these so will be happy to if over the next 16 it returns the same. buy in lean sell into the not so lean.
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probably more an exercise to re-affirm my actions in adding to...
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