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Is that just because some of the stock prices pushed through your fair value estimates?
(Amazingly, according to a forthcoming paper for the Institute for New Economic Thinking (INET) by Matt Hopkins and William Lazonick, even that ratio is grossly underestimated because it is based on grant-date fair value estimates of what stock options and stock awards might be worth, rather than how much CEOs actually take home when they exercise stock options and when stock awards vest).
Similar(58)
Rick Sumner at research group Morningstar said Twitter was "undervalued" at $20 and has put a $26 fair value estimate on the shares.
Morningstar said it was reducing its fair value estimate for the stock, raising questions about Best Buy's ability to defend market share from mass merchants, especially while major suppliers like Apple expanded their own outlets.
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.
Morningstar mining analyst Parvathy Krishnan tells me that one poor winter won't affect her fair value estimate of $32 per share.
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