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I have not seen any evidence that the shares were undervalued at the time of the flotation.
This is partly due to his conviction that banks were undervalued at the start of the year - a conviction that proved disastrously wrong - but it was not his only mistake.
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The shot-stopping has become a given, though even that can be undervalued at times.
His hand was a tad too strong for the bid, aces being undervalued at four points.
But the pound's Mac-PPP against the D-mark is DM3.86, suggesting that sterling is undervalued at DM3.02.
Panmure still reckons the stock is undervalued at 243p and rates it a buy up to a target of 320p.
He did suggest that hip-hop is undervalued at the Grammys however, saying the fragmentation of genres doesn't help.
Rick Sumner at research group Morningstar said Twitter was "undervalued" at $20 and has put a $26 fair value estimate on the shares.
He also announced that Sun would buy back $1.5 billion worth of stock, asserting that the company was undervalued at current prices.
Its share price has been below 5p for several weeks, giving the company a market capitalisation of just over £30m Tindle is quoted as saying: "My opinion is that newspapers are undervalued at the moment.
The transaction appeared to be a $2 million bet by Mr. Lay that Enron was undervalued at precisely the same time he was saying that it was a good investment to the public and to Enron employees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com