RE:RE:RE:Anyone else add to their holdings over the last few days?The most important thing is to take everything I say with a grain of salt...which you are doing. So right there I know you will do well :)
My main complaint is that the overall level of expenses seems too high. Not enough is flowing to the bottom line. So i suppose the best way to value them is not on assets but on what they earn. The way I calculate it, they trade at 17 p/e. This accounts for excess cash/investments and does not include non-recurring expenses such as strategic review.
Is this a bargain price? I would say no. But maybe my view is colored by the fact that I used to own it when it was such an obvious bargain. That was before they changed the asset accounting to market value. Do you feel this is a low valuation?