If you read the first few pages of this document (the Amazon 2004 AR bit) you get the idea Jeff prefers cash flow per share instead of earnings per share
Based on THL last three years cash flow per share of 20c (F15) / 0.5c (F16) / 5c (F17) / 15c may F18(excluding acquisition capex) and a current book value of $1.73 I think Jeff would say that at $6.60 THL is very very very very expensive if not totally unrealistically overvalued
Good to see you've done well but that is far too many eggs in one basket for my liking.
Completely agree, well done GC, you picked these guys really early on and have done really well. I followed your comments and jumped in much later and have still done well. If I was in your position, it would be time for some diworseification. Even though that might not be so exciting.
If you read the first few pages of this document (the Amazon 2004 AR bit) you get the idea Jeff prefers cash flow per share instead of earnings per share
Based on THL last three years cash flow per share of 20c (F15) / 0.5c (F16) / 5c (F17) / 15c may F18(excluding acquisition capex) and a current book value of $1.73 I think Jeff would say that at $6.60 THL is very very very very expensive if not totally unrealistically overvalued
"The Don" won his court battle on the Muslim country ban list right ? Fallout from his waging war on all trade fronts (even with his former allies) to hit tourism into the U.S. ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
"The Don" won his court battle on the Muslim country ban list right ? Fallout from his waging war on all trade fronts (even with his former allies) to hit tourism into the U.S. ?
If that happens "The Don" will require Americans to holiday at home or he will tax them "more, a lot more".
So no worries for THL :-)
If that happens "The Don" will require Americans to holiday at home or he will tax them "more, a lot more".
So no worries for THL :-)
LOL Touché This dog reckons however that in general terms it's getting a little colder out there, (perhaps just a reflection of what I see unfolding in N.Z. so maybe somewhat myopic vision or maybe not) which can't be good for tourism... https://www.stuff.co.nz/business/105...of-a-rainy-day ….oh wait no worries Kiwi's will all holiday at home and everything will be fine and dandy no matter how many trade wars there are affecting worldwide economic growth
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by kiwico
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This dog reckons however that in general terms it's getting a little colder out there, (perhaps just a reflection of what I see unfolding in N.Z. so maybe somewhat myopic vision or maybe not) which can't be good for tourism... 
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