TSX:SOT.DB - Post by User
Comment by
Ladislav3on Jun 26, 2019 1:43pm
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Post# 29865869
RE:RE:RE:RE:They were selling into the BIDs today
RE:RE:RE:RE:They were selling into the BIDs todayYou do realize that, if you take the price, divide by earnings, and then multiply by earnings, the result will always be the price?
This has nothing to do from an "accounting perspective".
wheeloffortune wrote: Accounting uses lessor of two values in valuation. Also, AX.UN=P/E Ratio X EPS = 16.4x0.72=$11.81. AX's trading at $11.81 now.
Capharnaum wrote: wheeloffortune wrote: = 5.5 x 1.08 = $5.94. $5.94 is what the stock's worth now from an accounting perspective.
From an accounting perspective, the stock would be worth the book value.