Valuation, valuation, valuation. Granite Group has consistently talked about valuation. We don’t want to repeat ourselves, but…the market is trading at over 16 times next year’s earnings. With the promise of a slightly higher 10 year, moderate growth, we question the current premium valuation being assigned to the market in the short term. We would exercise caution on new equity allocations and wait for a better valuation to enter the markets in the short term. Granite Group believes the markets can go higher next year, but not at the same rate experienced in the last two years.
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Undoubtedly the best valuation with 18 time to its past profit along with cash King discounted CF with Best terminal price is the core path to fetch ,earn higher value for the business through equity is the rights path for best IRR .
The methodology and expertise can be derived through Granite Groups webs … Fair solution and or through the expertise of CFO .. JAGIRDAR & ASSOCIATES . Eamil : jagirdaraa@yahoo.com
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