Everyone in the market can see at what price they can buy or sell
a stock at a given point in time.
Not exact matches
In addition, I would point out that equities are purchased and traded by private individuals, who inherently have time value of money and liquidity preferences that are also priced into equities, given their specific limitations and characteristics (e.g., in the event of a stock market crash, liquidity may disappear at the exact moment it is most desired, and therefore the risk of that lack of liquidity is priced into the equity
In addition, I would
point out that equities are purchased and traded by private individuals, who inherently have
time value of money and liquidity preferences that are also priced into equities,
given their specific limitations and characteristics (e.g.,
in the event of a stock market crash, liquidity may disappear at the exact moment it is most desired, and therefore the risk of that lack of liquidity is priced into the equity
in the event of a
stock market crash, liquidity may disappear
at the exact moment it is most desired, and therefore the risk of that lack of liquidity is priced into the equity).
Volume — The amount of shares being traded
at a
given point in time; this
gives you an idea of how much interest there is
in the
stock
Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over
time, are we
at a
point where it makes sense to consider buying back
stock at a higher break
point that Berkshire currently has
in place and would you ever consider stepping
in buying back shares that did dip down below 1.2
times book value per share even if that prior years» figure had not yet been released?
In an effort to further tie Levandowski to Uber, Waymo's lawyer also
pointed out that Uber
gave Levandowski 5.3 million shares of Uber
stock dated the day after he quit Google «without
giving notice,»
stock that was worth $ 250 million
at the
time.
A company has control over how much it pays
in dividends, but the masses of the market are the ones that determine the
stock price
at any
given time, so the company growth and the dividends they pay are the primary
points of focus for dividend growth investors.
I found this projection interesting and set out to examine how realistic it is,
given what we know
at this
point in time, by decomposing total
stock returns to its components, namely dividend yield, inflation, real earnings growth and change
in the valuation multiple.
Valuation, sentiment, and monetary policy are always
at work determining how attractive
stocks are
at any
given point in time.
Thus,
at any
given point in time, a
stock's price is «correct», as it reflects all known information about the
stock.
The PB, PE and PCF ratios are all very useful metrics for sorting cheap
stocks from expensive
stocks, but we can't know which will be the better bet
at any
given point in time.
At this
point, an obligatory nano - cap warning: I haven't
given one of these
in quite some
time, as I've focused on larger - cap
stocks (even Alphabet!)
As mortgage rates fluctuate just the way
stock prices do, identifying the better - priced lender
at any
given point in time — with the specific credit parameters — can be quite a complicated process.
Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over
time, are we
at a
point where it makes sense to consider buying back
stock at a higher break
point that Berkshire currently has
in place and would you ever consider stepping
in buying back shares that did dip down below 1.2
times book value per share even if that prior years» figure had not yet been released?