RE: ELF Value
I just looked again at Irwin Micael's last posted comment on the full value of ELF.
It is dated April 27, 2007 and he uses a book value ratio of 1.5 to 1.6 times to arrive at a "full" a value of $820 to $875 per share to justify continuing to hold ELF.
It is obvious that he does not publish his opinions as he issues them. So he may have to a subsequent opinion about which his "public" site is not yet displaying.