TSX:IBG.DB.E - Post by User
Comment by
patenrighton Aug 15, 2014 2:44pm
187 Views
Post# 22847359
RE:RE:Not a believer at this price.
RE:RE:Not a believer at this price.profit for first half of 2014 exluding extra rent and bond fees (both non recurring - wont be there in 2015) was around $ 0.22 eps vs the $0.09 actual .....
Looking at around $0.50 eps normalized annual run rate or cashflow of around $0.7
using dividend model to value IBG, using 80% pay out ratio = $0.56 in dividends and using a div yield of 10% - stock price of $5.6