whats the bet we go for new highs, page-23

Tonymac...
In a sense, any price at any point represents a consensus, based on the information available at the time.
And how you choose to process that information is subjective, and hence you can get 10 different people with different opinions.
If you are buying something purely based only on spot price, perfect information (maybe) then you're better off putting money in a an investment fund, or some kind of company that has little price volatility but constant dividend.
But, in this case, you could choose to make certain assumptions that may or may not be reflected in the future price, and then potentially profit or lose as the case may be.
In BLY's case, my assumption is like yours, the company is potentially worth a lot more than is in the current share price, and I put my money where my mouth is.
Of course, if some new information comes out, then I'll have to reassess again!
It's just how the game works!