looks like we are on target still , sailor boy will be very happy lol
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Not really, the ones I bought originally had a net present value that I was more than happy with and the ones I have bought subsequently have a a similar net present value but I'm paying much less for them.
You're not taking any hammering at all, if someone yells out to you on the street oi you fat prick, but you're anorexic then you're not going to feel abused are you.
Forget about obsessing over the current market quote and focus on the amount of earnings that your business will generate over the next 10 years and how the assets that you are buying the equity portion of, are funded.
Value the business yourself.
After purchasing any shares, what you should pray for is that they collapse in price on the market while the business either improves or remains the same.
Fifty years ago I was a serious spearfisherman. For pelagics like kingfish, I would start on the surface pretty close to neutrally buoyant with my weights balancing the buoyancy of my wetsuit. I would dive down to 15m or so and my wetsuit would compress so I was overweight and had to fin a bit to stay level and avoid sinking further underwater. I often looked up at the surface and wondered whether I had overestimated my breathholding capacity. It was important to remind myself that I needed to stay relaxed, because to panic would make things worse. If the worst came to the worst, I knew I could always ditch my weights and become positively buoyant to speed my way back to the surface.
In terms of OCA, I am a long way overweight, and a very long way underwater. Fortunately I have enough in reserve so I don't have to ditch my weightbelt and go for the surface just yet!
Interesting analogy.
So if the board of directors presented the company in it's present form to you as the single owner and even gave up their own shares, instead of celebrating with your family, you would regale them with a tale of being at the bottom of the Mariners trench?
Are UBS shareholders currently crying or is it the former Credit Suisse equity and bondholders?