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Sometimes this heavy activity (four times daily volume before 11:00 a.m.) wears out quickly, but if not, unfortunately according to our methodology value investors may have missed this one.
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And we encouraged all of our clients to have an independent economist look at the valuation methodology, and not opine on the value, but opine on the methodology.
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This value-creating methodology allows deeper and broader understanding, and ultimately more impactful, transformative action.
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Before the change in methodology used to determine fair value, the typical portfolio company valuation was equal to the value established by investors at the time of the most recent investment.
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What should be jumping off the page here is that based upon the above referenced survey only two percent of the companies surveyed appear to utilize a value based hiring methodology.
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The study was based on our Experience Radar methodology, which helps businesses identify often hidden sources of value that lead to exceptional, differentiating customer experiences.
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We attempt to add value through our proprietary and time-tested research methodology, which presumes a long holding period over a complete market cycle.
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Therein lays one of the key shortcomings of traditional accounting: there is no allowance for a change in the cost of capital in the accountant's methodology, even though it is incredibly relevant to an asset's value.
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According to our methodology this stock is cheap, and we do think there is as yet untapped value in all of the quality assets housed under the CKX umbrella.
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