Analysts at J.P. Morgan think the group is undervalued compared with others in the luxury-goods sector.
"The big telecom incumbents have large new-era, Internet companies within them," which are undervalued compared with listed rivals, said Richard Lewis, director of European fund management at WorldInvest Ltd.
Analysts say its stock is undervalued compared with that of European state phone companies with similar reach and revenues, but still-unresolved regulatory issues make it difficult to assess Bezeq's market value to foreign investors, they say.
The screeners allow people to search for companies that are undervalued compared with their industry peers.
Morgan Stanley analyst Christopher Gutek says Avis (estimated 2007 price/earnings multiple of 17) is undervalued compared with peers.
There is a very real risk that until they have "proven themselves", graduates may be undervalued compared to overseas-trained specialists or expatriate recruits.
"The stock price has been left behind and is undervalued compared to the others," Mr. O'Sullivan said.
Boyd has a buy rating on the stock with a $43 price target and says he thinks the stock is undervalued compared to its large-cap Internet peers, such has Amazon.com, Google, and Yahoo.
A compelling reason for acquisitions in Asia is Buffett's fundamental belief that many Asian currencies are undervalued compared to the dollar and present an attractive buying opportunity.
"The needs of people who don't own homes are being undervalued compared to those who do.
