No. of Recommendations: 0
I think the exercise you have done is the right one, but you have to stomp on every assumption with iron clad boots to crush all conceivable optimism out of the forecasts.
Great! Thank you, Jim!
I THINK I am conservative. But as you with your experience as saying I am not, I will modify my conservatism.
(That does apply do the projected Growth&Margin rates, not to things like BABA/China or to receiving or not META's earnings or to for ethical reasons not buying XYZ, as all of that is a step completely different and independent from the purely numerical valuation.)
Some specific comments, just because I'm never at a loss for an opinion
Great! Then what are your thoughts regarding the up to now most steady and reliable supposedly "cheap" earners in my little list, VZ, PYPL, WRB and MKL?
(DG is that too - but I don't have to ask YOU re DG :-)
