So far today's low is $1.785<$1.79, so SP is less than BV. I have said nothing wrong.
Not saying you have but the shares are trading ex divvy today so accounting convention would have it you need to adjust book value for the dividend so adjusted book value ex divvy is $1.68...but you are of course free to use whatever figure makes you feel happy
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
Not saying you have but the shares are trading ex divvy today so accounting convention would have it you need to adjust book value for the dividend so adjusted book value ex divvy is $1.68...but you are of course free to use whatever figure makes you feel happy
Hahahaha, I just don't know why I still reply you. Such a meaningless communication!
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
Bookmarks