Joe – Here is my biggest weakness. I don't know enough about company evaluation so don't have a good intuative sense of what makes a company a good investment. For Tyson I looked at whether the majority of analysts rated Tyson as a buy. They did so I decided to take a closer look.Here are some of my assumptions.Cost of Borrowing: 4.8% (Assumed default spread of 1.6%, added to T-Bond Rate)Beta: .8Market Risk Premium: 4%Growth Rate of EBIT = 3.5% per year and 3.5 after year 10Reinvestment Rate: Starting at 8% and changing to near industry average in 10 years (20%)For now I have excluded operating leases.It seemed to me that I have assumed a pretty conservative growth rate and normal reinvestment rate and they still appear undervalued, so a buy to me. Let me know if you need other information. Also feel ask questions. I am new to this.Thanks,Jared
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