[bmxicle]

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by "fairly strong analysis" do you mean "good summary of almost entirely public information?"

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Just because the information is public doesn't mean the market is interpreting it correctly. Essentially you're espousing the semi-strong form of the efficient markets hypothesis, which is pretty clearly false.

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Yes, but the analysis op presented doesn't say whether this is represented by the stock stock price, he simply says that the stock should have value, not that it is undervalued.