Monday, July 18, 2005
Martha Stewart: Overvalued or Undervalued?
Martha Stewart's Next Big Project: Justifying Her Investors' Expectations
Interesting NY Times article, linked above, on Martha Stewart Living Omnimedia. With the stock nearly tripling in value in the past year, is it over- or undervalued? Some analysts say the stock price is too high; some analysts say the stock price is just right. Do analysts know anything at all?
Sample grab: By the Cramer calculus, Martha Stewart Living Omnimedia's current $1.5 billion market capitalization makes a certain sense. "You have a company that is undervalued theoretically," he said, "even while it is overvalued practically."
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Interesting NY Times article, linked above, on Martha Stewart Living Omnimedia. With the stock nearly tripling in value in the past year, is it over- or undervalued? Some analysts say the stock price is too high; some analysts say the stock price is just right. Do analysts know anything at all?
Sample grab: By the Cramer calculus, Martha Stewart Living Omnimedia's current $1.5 billion market capitalization makes a certain sense. "You have a company that is undervalued theoretically," he said, "even while it is overvalued practically."
