MGT 329, REPORT-4

So we use a couple valuation schedules to cross check. Use traditionalist

assumptions.

Use a whole deal security yield. $1/EPS at 16.66 xs versus 6% long bond. Consider
a creating dollar versus a certain dollar. 6% from govt. bond, however if $1 grows
then incredible. In case the current long bond (Feb. 2005) is 4%, usage 6% at any
rate as a base impediment rate or discount rate. Have an edge of wellbeing.

$20 -$1 EPS however the security yields 6% while the stock yields 5%, yet if it can
grow, then better.

$10 -$1 EPS now however institutionalized salary show $0.50. Do you rather own a
peril less bond or this? Is it going to create or not?

A befuddled capital structure: buy 1/2 cash worth and a tolerable business.

Worth Investors' Club (VIC). 1/2 are specialists. The rest are propelled specialists in
cash. There are extraordinary audit. Why trashy?

Some turnover because each part must contribute 2 musings a year, however under
6.

Review the application for VIC.

S.CN Sherritt

STM.V

JEF

CAH

HIF-U

Groupe Bull

Olympia GA $4.13

MSO

BUL.FP

One week from now: Income Statement, Cash stream and Valuation Work.

Use EBIT not P/E extent in your valuation work.

Scrutinized Chapters 12 - 13 & 17 from Hooke's Book. There are a couple of zones
in that book where I contradict this thought.

Duff & Phelps relevant examination $52

END

Greenblatt Class #2

Jan 26, 2005