28-03-2011, 01:45 PM
D.o.g. posted earlier that he will rather pay 2x book for one with 20% roe than 1x book for one with 10% roe. hmm..... paying below book for a potential 10-20% roe seems to provide a certain margin of safety.1/2ct dividend declared on enlarged share issue of 500m
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell