Is There Really Mandingos

often argued by some analysts that the price quoted an action always adequately reflect the value of a company, net of all aspects of business. As UDS know do not share this view that if true would leave no room for capital appreciation. Could put many examples of how such a price can fluctuate by 30% in just a few weeks and then ask which was the reason for the above price. Descending to the ground

practical to insist again that the market does not always recognize the intrinsic value price and in this circumstance is that we can take to recoup an investment.

UDS can say that this assertion is simple but another thing to discover, to which I will answer it as such rather refer you to my comments about BMW and Volkswagen to launch in late 2008 and have updated several times, in that moment there was a clear irrationality in the prices of both enabling us to consider only the former as an option for a possible investment.

At present, and relatively speaking, because the difference is not, by any means, so manifest could bring up the prices of ALSTOM and SIEMENS. The first trades in recent weeks at prices ranging between 32 and 40 Euros while the second did at pressures between 84 and 93. Both operate in the industrial sector and to some extent its business lines are similar in many respects, are based in Europe and its diversified sales. Well, using as reference the ranges discussed the first trading at comparable ratios lower than the second. I do not want to say that this SIEMENS trading at prices that must be considered expensive, just that the market in my opinion not discriminated against in these last few weeks properly and that there is greater value at current prices in the first. I'm not talking about you do the same degree of irrationality at the time showed between BMW and Volkswagen.