The share price must be less than book value. Preferably it will be less than net working capital less long term debt.
Peter CundillWe always look at the margin of safety in the balance sheet and then worry about the business.
Peter CundillThe share price must be less than book value. Preferably it will be less than net working capital less long term debt.
Peter CundillWe always look at the margin of safety in the balance sheet and then worry about the business.
Peter Cundill