Q: Good Morning
A couple of brokers have indicated that these two stocks are overvalued. Specifically for TRI they indicate that the Fair Market Value is $150.49 while the stock is trading much higher. Similarly for WSP the fair market value is indicated as $162.06 but the stock is trading at $176.03. One broker has even recommended selling WSP.
My two questions are: i) How is the fair market value (FMV)determined?
and ii) Is the FMV a significant factor in stock selection?
Thank you as always for your insight.
A couple of brokers have indicated that these two stocks are overvalued. Specifically for TRI they indicate that the Fair Market Value is $150.49 while the stock is trading much higher. Similarly for WSP the fair market value is indicated as $162.06 but the stock is trading at $176.03. One broker has even recommended selling WSP.
My two questions are: i) How is the fair market value (FMV)determined?
and ii) Is the FMV a significant factor in stock selection?
Thank you as always for your insight.