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10:21
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Originally posted by Lord Bell
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Wingelo ...Fine you do your system of valuation...and after a market crash tell me if your flimsy buy/sell try to do it well approach works ...buying at 5/6 times book value with a positive cash flow and you will live to regret it ..my view is to analyse for "Value and relate that to the price."...why would I pay a price way out of kilter with the actual value of the business.
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book values are not an area I'm greatly familiar with...but for what it's worth and for those interested i looked up WHC book value over the last 5 years much in line with L. B's reckoning.
(20min delay)