Not sure how long you've been investing Mike, but using the time value of money equation can give preictable value t bonds and CDs, but hardly appropriate for stocks IMO. Too may other variables. In the case of ARX you can't judge it by the dividend. I own stocks like Vodaphone and ING which have huge dividends which I love, but the SP is rubbish at present. Arc is tipped by BNS to go to $27 in a 12 month (they've never been wrong before LOL!) Selling now and buying what?