Recent content by Sharpenter

Well it is interesting that you say consider using another valuation method because I remember watching a Bruce Greenwald lecture and he destroys the discounted cash flow model and its variants by saying that bad information added to good information ends in bad information. i.e. the inaccurate...

Yes Craft as a general indicative measure, though I appreciate it only gives a rough idea. McLovin above appears to have answered the specific concern that I had though, do you disagree with his point?

Thanks that's really useful! I just wasn't sure if share buybacks were validated only if they were below equity per share value or intrinsic value per share and it seems that any buyback below IV will increase the overall IV per share of remaining shareholders by your reasoning. That helps...

Hi Craft, What you point out shows that I need to expand upon the point that I am making. You are correct to state there is a contradiction in the reasoning but that is precisely what I am finding hard to reconcile. In Value.Able, Roger states a summary of points that help to increase or...

Haven't seen much activity lately but thought I'd throw this question out and get your thoughts. If a company that does a share buyback below the equity per share increases intrinsic value and a share buyback above equity per share decreases intrinsic value, how can it not be good for the...