Comment by
Contrarian333 on Jun 13, 2024 3:34pm
I'm not sure that is fair. Use him for his knowledge of the industry and company and draw your own conclusions about fair value. While I'm at it use the various analysts who cover the company for the same but disregard their "target" prices and come up with your own reasoned value.
Comment by
Nordico on Jun 13, 2024 3:45pm
Actually it isn't a knock on his analysis, but a knock on the Street for trading AC at batshit insane undervaluation. AC's operational results have been great, but the Street now trades it at 3.5x adjusted earnings, and 2.3x FCF. That is absolutely nuts valuation, and essentially a reverse bubble.