Interview with Value Investor Joel Greenblatt
Break-up value: A company has two divisions one is making $3 and the other is losing $1 (EPS = $3 - $1 = $2). The stock trades at $34 so PE = $34/$2 = 17x but if you close down the bad business, it really trades at 11 times or $34/$3. Where the stock has traded in the past is noise. What is it worth? Where is it today (Price). ................
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