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Changes in shareholders' equity are an approximate gauge for changes in fair value.
Earlier this week, Goldman Sachs reiterated an "outperform" rating and $40 fair value estimate for GE, saying there shouldn't be any surprises in the company's fourth-quarter results or material changes to 2005 earnings-per-share guidance.
REITs trading cheaper than this fair value estimate get high value grades.
The research firm said its $40 fair value estimate represents about 13% upside from current levels.
That's the first time it has been below Grantham's fair value estimate since 1994.
"We would eagerly scoop up the company's shares at a sufficient discount to our fair value estimate".
"However, we don't expect these factors to materially affect our $69 fair value estimate," Collins said.
After-hours traders pushed the stock to $41 yesterday, a 32% premium to Brilliant's fair value estimate.
Is that just because some of the stock prices pushed through your fair value estimates?
Since 2007, banks have had to report changes in the fair value of their own liabilities.
The firm said the changes in the fair value of these hybrid securities did not affect its risk-based capital ratio.
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