RE:RE:Table Pounding Buy!!!Just a further clarification......Book Value (BV) in the traditional sense is historical cost, that is,
its original purchase price.....believe me, the guys at BAM absolutely love when we mix up NAV and BV.
The USD$29.13 being referred to is essentially managements "best" estimate of value using various assumptions and discount rates.
Make no mistake though, if Bruce Flatt says BPY is worth USD$29.13, then you are better off to be with him, rather than against him.
Waiting for my USD$0.33/share Christmas present due to be delivered on December 31. Lol.
Still LONG!
Vette