Economic bubbles are formed when assets are being traded at prices that are significantly
more than their intrinsic values.
Analysis of process and impact elements of e-thesis dissemination is likely to have
more than intrinsic value.
Not exact matches
In fact, there's an argument to be made — as Dennis Berman does at the Wall Street Journal — that the Verizon bid for AOL says
more about Verizon's difficulties
than it does about any
intrinsic value that its target might have.
In other words, does a company have
more intrinsic value than book
value?
This idea revolutionized the world because it was fresh and very smart, if you own a stock below its
intrinsic value and the company goes bankrupt, then you will get in return
more than what you paid for, so, if the company goes bankrupt, you make money and if the company does well, then you keep making money.
It suggests that one should buy a stock only when its
intrinsic value is worth
more than its price in the stock market.
If a stock is selling for less
than its
intrinsic value, chances are this will ultimately be recognised and the market price will rise to a level
more indicative of the company's worth.
For example, deforestation, which usually accompanies development as now practiced, has been
more vigorously opposed by those who see
intrinsic value in the whole of the living world
than by those who are concerned chiefly for peasants and workers.
They are all alive, but we see
more intrinsic value in some
than in others.
We also judge that some species have
more intrinsic value than others, and this is important even when they are not so important for the system as a whole.
It is just such a split as this that Buber avoids, and it is for this reason that he can speak of «
intrinsic value and disvalue» in a
more genuine sense
than either Kant or Sartre.
The superman and totalitarianism offer this something
more than oneself, and both are characterized by the fact that they do in fact remove all
intrinsic value from the individual and make him simply a means to a greater goal in which he can symbiotically participate.
The use of the term
intrinsic value by deep ecologists misled us into thinking there was
more similarity
than may in fact exist.
It would then follow that chimpanzees and whales have
more intrinsic value than worms and mosquitoes.
Nevertheless the
intrinsic value of the plant is probably no
more than that of the cells that compose it.
If
intrinsic value is «measured» by richness of experience, it follows that creatures such as primates and whales have
more intrinsic value than worms and mosquitoes.
Nearly everyone agrees that a moment of «human» experience is richer,
more intense,
more laden with
intrinsic value than a moment of «electronic» experience.
Breastmilk has
more intrinsic value for the infant
than formula.
Are there other companies / industries where you think BPS is a better proxy for
intrinsic value than the
more widely accepted indicators of
intrinsic value like owner earnings or FCF?
To me it's about assessing all aspects of a business and asking myself if the
intrinsic value of that company is
more or less
than the market price.
Bonds would be worth
more than their long - term
intrinsic value in such a scenario.
That's
more than double the
intrinsic value of the best insurance companies in the world (like Berkshire Hathaway, W.R. Berkley, or Markel), which I'd peg in the ballpark of two times book
value.
However, the restaurant has less downside since it has
more intrinsic value than the tech company.
Prof. Bakshi has mentioned about «thinking in terms of expected returns over a decade or
more» rather
than thinking in terms of discount to
Intrinsic value.
If the quoted price is significantly cheaper
than your estimated
intrinsic value, you buy the stock or buy
more of it if you already own it.
It suggests that one should buy a stock only when its
intrinsic value is worth
more than its price in the stock market.
We believe the shares are worth well
more than tangible book
value right now; thus we've been purchasing shares at a good deal below 50 % of
intrinsic value.
In other words, does a company have
more intrinsic value than book
value?
Couple comments: *
Intrinsic value is a moving target and even a schizophrenic herd gets it right
more often
than many people think.
If its worth so much
more than the market price might he not just step up and purchase all the remaining shares at even a 10 % discount to his estimate of
intrinsic value?
And it may be that I have sold just before the
intrinsic value is about to be realized, but I calculated that the shares were
more valuable to me «dead
than alive», i.e. the tax loss savings is probably greater
than any short term upside in the current share price.
I consider the DCF model
more useful for understanding the key financial drivers and highlighting sensitivities
than calculating
intrinsic value.
Anchoring bias is now preventing me from paying $ 1 / share
more (
than my sell price) and jumping back in but I still believe that EBIX's
intrinsic value (even in a non-growth and even after fines are paid, lawsuits are settled) scenario remains far, far higher
than $ 14 / share.
This all just illustrates that cashflow & a company's cash / debt position always come first, and is far
more important
than its
intrinsic value — a classic
value investor might disagree, but long before that
intrinsic value is reached, a poor cash / debt position & negative cashflow will ensure a) the company goes bust first, or b) it finally gets snapped up — sure, at a nice premium, but that premium will be on an atrocious share price, so nobody actually makes a profit...
The principal risks of investing in the Funds are: stock market risk (stocks fluctuate in response to the activities of individual companies and to general stock market and economic conditions), stock selection risk (Fenimore utilizes a
value approach to stock selection and there is risk that the stocks selected may not realize their
intrinsic value, or their price may go down over time), and small - cap risk (prices of small - cap companies can fluctuate
more than the stocks of larger companies and may not correspond to changes in the stock market in general).
On the other hand, owner - operators are v aware of
intrinsic value per share, and far
more interested in increasing this
value than indulging in earnings management.
The whole article is worth a read, but there is one
more factor that drives buybacks, especially illogical buybacks where they pay
more than the per share
intrinsic value of the company: they don't want to get taken over by another company.
You will get some downside protection because of the
intrinsic value of the in - the - money options you're selling and you should be able to earn significantly
more yield
than what interest on cash pays.
He felt that the
intrinsic future
value of the company would be worth much
more than that investment.
Share prices of companies regularly exceed book
value when investors believe that there is some
intrinsic value that is worth much
more than the company currently is.
Today, however, Berkshire's situation is reversed: Now, our book
value far understates Berkshire's
intrinsic value, a point true because many of the businesses we control are worth much
more than their carrying
value.
History shows that asset prices move around much
more than their underlying
intrinsic value and there is no reason to think the dynamic is any different in property.
Just because the stock market as a whole is overvalued and high debt levels will make growth difficult and surprises
more likely to be negative
than positive, it doesn't mean that there aren't plenty of stocks that are undervalued and where
intrinsic value is, in fact, growing.
The price a common stock can trade for
more or less
than its real or
intrinsic value.
Using a balance sheet is a
more conservative way to calculate
intrinsic value than running a discount cash flow calculation using estimates for future cash flow or earnings.
Purebred dogs have no
more intrinsic value to pet owners
than mixed breed dogs.
Why is it that a document that, as a British civil servant once described it, is nothing
more than an archaic piece of paper with no
intrinsic value, should attract such attention?
The
intrinsic value of the information concerned is — and should be — a factor when weighing up competing rights; privacy should yield
more easily to political speech
than to gossip.
Ceding godlike powers to robots reduces human beings to things with no
more intrinsic value than any object.»
He went on to say that the US dollar is a great example of a sovereign currency which has no
more intrinsic value than bitcoin.