No. of Recommendations: 11
Congratulations to everyone who ignored (as in carefully considered what was being said but did not sell) the naysayers and held on tight through thick and thin. I certainly did and plan to continue to do so. Unless something fundamental changes about the company.
Good work. BN has historically traded at an average discounted level of 30% below their reporting Plan Value when continuing that calculation throughout their past, before they introduced the notion.
Lately, BN traded well below this already 30% discounted level —- but today they are trading exactly at this 30% discount.
So despite the rise in BN’s quote, we are now being quoted our average 15 year price valuation, which itself has been growing around 18% per year accounting for dividends and spinoffs.
The market is getting expensive, but BN is compounding value exceedingly above the market rate (look up the sales per share rise for broad market last 20 years and prepare to he shocked) *and* unlike most firms, now trading at only an average valuation multiple.
So still great investment today relative to what else is around.
- Manlobbi