Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Still cheap at 4 year high

A pretty conservative medium term suggestion of what one might reasonably expect:
Book value by mid 2015 (2.75 years hence) should be about equal to today's price,
up around 25% in the 3 years since June 30 this year.
At 1.5x book the price should then be around $200000, up 50% from here,
or 15.6%/year compounded return based on 8.4%/year compounded book growth.
The rates are more solid than the timeframe, which might be shorter or
longer depending on the particular set of years that the price crosses 1.5x.
We haven't had one in a while.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.