You've essentially forced yourself to base all decisions on the current share price, vs.
your latest fair value estimate and / or price target.
I peg
my latest Fair Value for ARGO at GBP 31.1 p per share.
My latest fair value estimate is $ 75 (coincidentally between your quoted Morningstar and S&P Capital IQ values).
Not exact matches
Late last year, they received letters that put a new
fair market
value on their accounts: zero.
Therefore, we considered the amount of time between the valuation report date and the grant date to determine whether to use the
latest unit valuation report for the purposes of determining the
fair value of our units for financial reporting purposes.
However, if we are right, and earnings start to rise, the
fair value will rise even further and support the higher prices we foresee
later this year.
A month
later, as panic subsided and some of the holdings reached
fair value, it was back at 10 %.
However, you would only owe tax on the $ 60,000 profit (the difference between the
fair market
value of the home when inherited and the sale price of the home two months
later).
Some businesses can continue to generate high returns for a period of years, but often times an undervalued stock reaches
fair value sooner than
later, and then subsequent returns are mediocre.
I'll go into more detail
later, but the fundamental concept is that
value investors seek to buy assets (stocks or otherwise) at a price less than their perception of
fair value.
The judge found that since the
fair market
value of the RRIF was indeed taxable in Ms. Belanger's
late mother's return since no rollover was available, the estate was appropriately liable for the taxes owing on the RRIF.
Later the stock rebounds to
fair value ($ 50).
Being only willing to invest at
fair value will produce more dividends in the long run, as I will demonstrate
later.
Everything is taken from the
latest results and / or subsequent press releases, so the only thing I really had to estimate was a policy
fair value adjustment of $ 2.9 mio to reconcile to TLI's reported NAV of 56p at end - Oct.
Finally, we'll look at EPS: For the same reasons as above, I'm not prepared to place
Fair Value any higher than a 12.5 P / E, which corresponds to $ 3.95 per share based on
latest LTM EPS of $ 0.316.
I can comfortably hold off on what should hopefully be a significant jump in
Fair Value, based on 2012 revenue / earnings,'til
later this year when we have more definitive numbers to hand.
I would like to sell the DQ to her at
fair market
value which it's at right now so that the Canada Revenue Agency (CRA) will not come back
later requesting more capital gains tax from me.
So in the starting period, it's at a 15 % discount, then
later only 10 %, 5 %, and eventually is at
fair value.
A decade
later and the one junker that I still have left has gone nowhere, in fact it has actually gone down from the after repair
fair market
value when I purchased it to what I paid for it.
Instead I called back
later that evening and made her a
fair offer based on the market
value of the property and the amount of repairs it needed.