No. of Recommendations: 2
At the present BV of $279.21, the price to get to 1.35 P/B is 377.
If the next quarter BV is 300, the 1.35 P/B would be 305.
"During the past 13 years, the median P/B was 1.40."
That would be price of 420.
Or 390 if the BV did not change.
"During the past 10 years, the average Book Value Per Share Growth Rate was 11.60% per year."
That would be 287, and price at 1.40 P/B would be 402.
And if the price drops to $300 one can always try to juice the returns a bit with some DITM leaps.
I doubt that we'll see the price near $300 anytime soon.
OTOH, it was $300 in March 2023.
Then a 10% drop in Sept-Oct 2023.
Down 10% from the recent high would take it down to 435.
