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michael_selway
Last Activity:
Oct 23, 2012
Joined:
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michael_selway

Coal & Phosphate, thats it!

michael_selway was last seen:
Oct 23, 2012
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    A company is worth the PV of all future cashflows (forecast EPS) discounted for time and risk, nothing more or less.
    1/PE = ROI. Money in the bank is about 6% ROI or PE of 16, but risk free.
    Risk = high debt, commodity price sensitivity etc
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