Posted by bsngpg > 2015-05-09 10:54 | Report Abuse

太实用了，快来一读吧！ “快速總結：股價淨值比(price to book ratio), 其實沒什麼參考價值. ”

对大多数股票(不包银行，產业，种植)，以上是千真万确。别再迷信淨值吧。多年來，我对PB看看就算，对它不曾重视。

Posted by limko1 > 2015-05-09 12:56 | Report Abuse

So forget all the talk that market price of a stock is at a big discount to its NTA, it has very little value to your investment. Free cashflow generation and PEG would be a better gauge.

Posted by GGmalaysia > 2015-05-09 15:26 | Report Abuse

1 things to note, good cashflow consist a several factors. more of them are good, however some are bad.

1 example....

superb cashflow of a company may due to low cash deposit in bank. if there is high cash deposit in bank, the cashflow is usually bad, remember, cash is king during any economic downturn

Posted by CFTrader > 2015-05-09 15:49 | Report Abuse

superb cashflow of a company may due to low cash deposit in bank. if there is high cash deposit in bank, the cashflow is usually bad, remember, cash is king during any economic downturn

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I can't brain this idea. Cashflow and cash in bank are 2 different thing.

Cashflow = The operating profit which presents as cash.
Cash in Bank = Part of the subject in current asset column.

A company can have good cashflow and good cash balance .
A company can have bad cashflow and good cash balance - but usually will deplete their cash reserve if they don't turnaround it.

Vice Versa.

Posted by bsngpg > 2015-05-09 16:42 | Report Abuse

Thks for your kind explanation. It is helpful to many.

Posted by kakashit > 2015-05-10 14:12 | Report Abuse

私有化呢？ M&A呢