RE:RE:RE:RE:This boardFair question. My view of value is based on what I think the business is worth. And what I think the business is worth is correlated to what the market thinks my direct competitors are worth. I have a view about what we should be worth in a vacuum, but what comps trade at do influence the decision.
Btw: none of this is scientific. There's a cottage industry (called Investment Banking) that was designed around a thumb in the air estimate for the value of a business based on a superfluous amount of beautifully formatted presentations, charts and tables.