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Star Gazer

03/21/12 10:13 AM

#82091 RE: Probart #82089

Let me double check my math...still on my first cup o' joe.
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Star Gazer

03/21/12 10:38 AM

#82093 RE: Probart #82089

If you were to work the formula backwards to try and establish a price were PCFG is becoming overvalued, you would start with a Valuation Ratio close to 1.
I’ll work with .75 to be conservative.

MC=VR * NAV
MC= .75 * $4,416,420,000
MC= $3,312,315,000
Now…
MC = OS * SP
MC/OS = SP
$3,312,315,000 / 780,883,827 os = $4.24

Therefore, IF according to this formula, PCFG was ¾’s of the way to being Over Valued, it’s Share Price would be $4.24….

That’s if my math is o.k…. :-)
SG