RE:RE:RE:RE:RE:YIELDBlunoze wrote:
the way I see it enbridge trades at a 1.4x P/B multiple while ALA trades at a 0.7x P/B multiple. Given that tiny bit of invaluable information, ALA conservatively has 30-60% capital appreciation between now and Q2 results 2019.
Is the book value reliable when the market thinks they have overpaid for a transaction? If they paid double what they had paid for WGL, the book value would shoot up because the "excess" gets booked as Goodwill, doesn't it? (But it doesn't necessarily translate into capital appreciation.)