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Exact(36)
Mr. Buffett later sold the stake based on valuation.
The bank said: We revise our target prices for BA and Iberia based on valuation of merged entity and disclosed merger terms.
"Our move to neutral here is based on valuation rather than fundamental concerns," the analyst, Douglas Anmuth, wrote in a note to JPMorgan clients.
Indeed, after starting off at a lofty 27 in October 2002, the stock market's P/E ratio has fallen to a much more modest 18. "If anything, this market has become more attractive based on valuation," Mr. Paulsen said.
DealBook » Man Group's Battered Shares Get a Boost | Citigroup analysts give the stock a buy rating based on valuation and the belief that the worst could be over for the giant hedge fund manager Man Group.
"Our move to neutral here is based on valuation rather than fundamental concerns," Doug Anmuth wrote in Monday's note to JPMorgan clients, adding that he had a positive overall view on the company.
Similar(24)
The bands and the place of homes within them are still based on valuations made in 1991.
Britain's residential-property tax, for example, is based on valuations from more than 20 years ago.
But based on valuations using 10-year average profits, the market's P/E ratio is above 20.
Breakingviews estimated the company's PC business, I.T. services and other divisions were worth more than $50 billion in late December, based on valuations of rival firms.
Alltel also agreed to pay about $600 million in the deal, but the properties to be exchanged appear to be worth at least $4 billion in total, based on valuations in other recent wireless deals.
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