Yes, I'm a little tired of the extremely polar positions people take on this forum.
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FWIW NewGuy, I do care, I have the aged care companies on my watchlist and will buy when the current SP weakness plays out to a bottom. I like RYM, and MET and have been looking at SUM, hence reading what's going on here. I have not seen bunters analysis before and wondered how he arrived at a valuation well south of the current SP.
As for trolling, well perhaps you could look to your own behaviours, as you seem to take satisfaction from swiping randomly at other posters comments.
Give bunter his due he ha admitted his model is rough and ready and from what he has explained how it works I can see how he gets 87 cents for sum
He said it no good for high growth companies. And as it based on current dividends obviously gives low valuations for low dividend stocks.
Bunter no troll methinks ....just a keen poster on a few threads
If he said "SUM worth 7 bucks BTW" he be a hero eh
Ryman's long term ten year average PE is 20 is it not W69 ? If we assume, (I think that's a stretch but others will have a different view), that SUM's management are good enough to match RYM's long term growth rate then apply a PE of 20 to your best guess estimate of SUM's 2014 EPS. They're not growing EPS this year so I think that's a more than reasonable approach to take.
http://tvnz.co.nz/national-news/elde...liness-6119863
Robotic seals to provide comfort for the elderly. Good grief...here's an idea, what about using real pets for goodness sake. This isn't aimed at SUM per se, in fact SUM are one of the most pet friendly retirement companies which is very much to their credit.
SUM shareprice heading in opposite direction to Ryman's over the last few days.
Ryman having a good run - must be the best in breed is wanted leaving the others to struggle
Is that how it works Roger
You got it mate. Buffett knows a thing or two about best of breed.