Intrinsic value of Liberty TripAdvisor Holdings Series A - LTRPA

Previous Close

$11.75

  Intrinsic Value

$34.96

stock screener

  Rating & Target

str. buy

+198%

  Value-price divergence*

-31%

Previous close

$11.75

 
Intrinsic value

$34.96

 
Up/down potential

+198%

 
Rating

str. buy

 
Value-price divergence*

-31%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of LTRPA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -2.11
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
  4.96
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
  4.98
  4.98
  4.99
Revenue, $m
  1,532
  1,604
  1,680
  1,760
  1,844
  1,932
  2,026
  2,124
  2,227
  2,335
  2,449
  2,569
  2,695
  2,828
  2,967
  3,113
  3,267
  3,429
  3,598
  3,777
  3,964
  4,161
  4,367
  4,585
  4,813
  5,052
  5,304
  5,568
  5,845
  6,136
  6,442
Variable operating expenses, $m
 
  1,571
  1,627
  1,687
  1,750
  1,817
  1,886
  1,960
  2,037
  2,118
  2,204
  1,924
  2,018
  2,118
  2,222
  2,332
  2,447
  2,568
  2,695
  2,828
  2,969
  3,116
  3,271
  3,433
  3,604
  3,783
  3,972
  4,170
  4,377
  4,595
  4,825
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,509
  1,571
  1,627
  1,687
  1,750
  1,817
  1,886
  1,960
  2,037
  2,118
  2,204
  1,924
  2,018
  2,118
  2,222
  2,332
  2,447
  2,568
  2,695
  2,828
  2,969
  3,116
  3,271
  3,433
  3,604
  3,783
  3,972
  4,170
  4,377
  4,595
  4,825
Operating income, $m
  23
  33
  52
  73
  94
  116
  139
  164
  190
  217
  246
  645
  677
  710
  745
  782
  820
  861
  904
  948
  995
  1,045
  1,097
  1,151
  1,209
  1,269
  1,332
  1,398
  1,468
  1,541
  1,618
EBITDA, $m
  245
  497
  521
  546
  572
  599
  628
  658
  690
  724
  759
  797
  836
  877
  920
  965
  1,013
  1,063
  1,116
  1,171
  1,229
  1,290
  1,354
  1,421
  1,492
  1,566
  1,644
  1,726
  1,812
  1,902
  1,997
Interest expense (income), $m
  10
  19
  14
  25
  35
  47
  59
  72
  85
  99
  114
  129
  146
  163
  181
  200
  220
  241
  263
  286
  310
  336
  363
  391
  421
  452
  484
  519
  555
  593
  632
Earnings before tax, $m
  46
  14
  38
  48
  58
  69
  80
  92
  105
  118
  132
  516
  531
  547
  564
  582
  600
  620
  641
  662
  685
  709
  734
  760
  788
  817
  847
  880
  913
  948
  986
Tax expense, $m
  -1
  4
  10
  13
  16
  19
  22
  25
  28
  32
  36
  139
  143
  148
  152
  157
  162
  167
  173
  179
  185
  191
  198
  205
  213
  221
  229
  237
  247
  256
  266
Net income, $m
  21
  10
  28
  35
  43
  50
  59
  67
  76
  86
  96
  376
  388
  399
  412
  425
  438
  453
  468
  483
  500
  517
  536
  555
  575
  596
  619
  642
  667
  692
  719

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  772
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,282
  6,944
  7,272
  7,618
  7,982
  8,366
  8,769
  9,194
  9,640
  10,110
  10,604
  11,123
  11,668
  12,242
  12,845
  13,478
  14,144
  14,843
  15,578
  16,349
  17,160
  18,012
  18,907
  19,846
  20,833
  21,870
  22,959
  24,102
  25,303
  26,565
  27,889
Adjusted assets (=assets-cash), $m
  6,510
  6,944
  7,272
  7,618
  7,982
  8,366
  8,769
  9,194
  9,640
  10,110
  10,604
  11,123
  11,668
  12,242
  12,845
  13,478
  14,144
  14,843
  15,578
  16,349
  17,160
  18,012
  18,907
  19,846
  20,833
  21,870
  22,959
  24,102
  25,303
  26,565
  27,889
Revenue / Adjusted assets
  0.235
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
Average production assets, $m
  2,527
  2,645
  2,770
  2,902
  3,041
  3,187
  3,340
  3,502
  3,672
  3,851
  4,039
  4,237
  4,445
  4,663
  4,893
  5,134
  5,388
  5,654
  5,934
  6,228
  6,537
  6,861
  7,202
  7,560
  7,936
  8,331
  8,746
  9,181
  9,639
  10,119
  10,623
Working capital, $m
  575
  -122
  -128
  -134
  -140
  -147
  -154
  -161
  -169
  -177
  -186
  -195
  -205
  -215
  -225
  -237
  -248
  -261
  -273
  -287
  -301
  -316
  -332
  -348
  -366
  -384
  -403
  -423
  -444
  -466
  -490
Total debt, $m
  635
  405
  701
  1,012
  1,340
  1,685
  2,048
  2,430
  2,832
  3,255
  3,699
  4,166
  4,657
  5,174
  5,716
  6,286
  6,885
  7,515
  8,176
  8,870
  9,600
  10,367
  11,172
  12,018
  12,906
  13,839
  14,819
  15,848
  16,929
  18,064
  19,256
Total liabilities, $m
  6,479
  6,249
  6,545
  6,856
  7,184
  7,529
  7,892
  8,274
  8,676
  9,099
  9,543
  10,010
  10,501
  11,018
  11,560
  12,130
  12,729
  13,359
  14,020
  14,714
  15,444
  16,211
  17,016
  17,862
  18,750
  19,683
  20,663
  21,692
  22,773
  23,908
  25,100
Total equity, $m
  803
  694
  727
  762
  798
  837
  877
  919
  964
  1,011
  1,060
  1,112
  1,167
  1,224
  1,284
  1,348
  1,414
  1,484
  1,558
  1,635
  1,716
  1,801
  1,891
  1,985
  2,083
  2,187
  2,296
  2,410
  2,530
  2,656
  2,789
Total liabilities and equity, $m
  7,282
  6,943
  7,272
  7,618
  7,982
  8,366
  8,769
  9,193
  9,640
  10,110
  10,603
  11,122
  11,668
  12,242
  12,844
  13,478
  14,143
  14,843
  15,578
  16,349
  17,160
  18,012
  18,907
  19,847
  20,833
  21,870
  22,959
  24,102
  25,303
  26,564
  27,889
Debt-to-equity ratio
  0.791
  0.580
  0.960
  1.330
  1.680
  2.010
  2.340
  2.640
  2.940
  3.220
  3.490
  3.750
  3.990
  4.230
  4.450
  4.660
  4.870
  5.060
  5.250
  5.430
  5.590
  5.760
  5.910
  6.060
  6.190
  6.330
  6.450
  6.580
  6.690
  6.800
  6.900
Adjusted equity ratio
  0.005
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  21
  10
  28
  35
  43
  50
  59
  67
  76
  86
  96
  376
  388
  399
  412
  425
  438
  453
  468
  483
  500
  517
  536
  555
  575
  596
  619
  642
  667
  692
  719
Depreciation, amort., depletion, $m
  222
  464
  468
  473
  478
  483
  489
  494
  501
  507
  514
  151
  159
  167
  175
  183
  192
  202
  212
  222
  233
  245
  257
  270
  283
  298
  312
  328
  344
  361
  379
Funds from operations, $m
  346
  474
  496
  508
  520
  534
  547
  562
  577
  593
  610
  528
  546
  566
  586
  608
  631
  655
  680
  706
  733
  763
  793
  825
  859
  894
  931
  970
  1,011
  1,054
  1,099
Change in working capital, $m
  45
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
Cash from operations, $m
  301
  480
  502
  514
  527
  540
  554
  569
  585
  601
  619
  537
  556
  576
  597
  619
  642
  667
  692
  719
  748
  777
  809
  841
  876
  912
  950
  990
  1,032
  1,076
  1,122
Maintenance CAPEX, $m
  0
  -90
  -94
  -99
  -104
  -109
  -114
  -119
  -125
  -131
  -138
  -144
  -151
  -159
  -167
  -175
  -183
  -192
  -202
  -212
  -222
  -233
  -245
  -257
  -270
  -283
  -298
  -312
  -328
  -344
  -361
New CAPEX, $m
  -73
  -119
  -125
  -132
  -139
  -146
  -154
  -162
  -170
  -179
  -188
  -198
  -208
  -218
  -230
  -241
  -254
  -266
  -280
  -294
  -309
  -324
  -341
  -358
  -376
  -395
  -415
  -436
  -457
  -480
  -505
Cash from investing activities, $m
  -164
  -209
  -219
  -231
  -243
  -255
  -268
  -281
  -295
  -310
  -326
  -342
  -359
  -377
  -397
  -416
  -437
  -458
  -482
  -506
  -531
  -557
  -586
  -615
  -646
  -678
  -713
  -748
  -785
  -824
  -866
Free cash flow, $m
  137
  271
  282
  283
  285
  286
  287
  288
  290
  291
  293
  195
  197
  199
  201
  203
  206
  208
  211
  213
  216
  220
  223
  226
  230
  234
  238
  242
  247
  251
  256
Issuance/(repayment) of debt, $m
  1
  -150
  296
  311
  328
  345
  363
  382
  402
  423
  444
  467
  491
  516
  542
  570
  599
  629
  661
  695
  730
  767
  805
  846
  888
  933
  980
  1,029
  1,081
  1,135
  1,192
Issuance/(repurchase) of shares, $m
  -96
  445
  5
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -110
  295
  301
  311
  328
  345
  363
  382
  402
  423
  444
  467
  491
  516
  542
  570
  599
  629
  661
  695
  730
  767
  805
  846
  888
  933
  980
  1,029
  1,081
  1,135
  1,192
Total cash flow (excl. dividends), $m
  10
  567
  583
  595
  612
  631
  650
  670
  692
  714
  737
  662
  688
  715
  743
  773
  805
  837
  872
  908
  946
  986
  1,028
  1,072
  1,118
  1,167
  1,218
  1,271
  1,327
  1,386
  1,448
Retained Cash Flow (-), $m
  5
  -456
  -33
  -35
  -36
  -38
  -40
  -42
  -45
  -47
  -49
  -52
  -55
  -57
  -60
  -63
  -67
  -70
  -73
  -77
  -81
  -85
  -89
  -94
  -99
  -104
  -109
  -114
  -120
  -126
  -132
Prev. year cash balance distribution, $m
 
  564
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  675
  550
  560
  576
  592
  610
  628
  647
  667
  688
  610
  633
  658
  683
  710
  738
  767
  798
  831
  865
  901
  939
  978
  1,020
  1,063
  1,109
  1,157
  1,207
  1,260
  1,316
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  647
  504
  488
  474
  459
  442
  424
  404
  383
  361
  290
  270
  250
  229
  208
  188
  167
  147
  128
  110
  93
  78
  64
  52
  41
  32
  25
  19
  14
  10
Current shareholders' claim on cash, %
  100
  36.1
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9
  35.9

Liberty TripAdvisor Holdings, Inc., through its subsidiaries, engages in online travel research and online commerce businesses. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants worldwide; and helps users plan their trip through its tripadvisor.com Website. The company manages and operates travel media brands, providing travel-planning and trip-taking resources in the travel industry; offers click-based advertising and display-based advertising services; and provides subscription-based advertising products to hotels, B&Bs, and other specialty lodging properties. It also operates Viator, a Website that offers information and services for users to research and book activities and attractions in travel destinations; The Fork, an online restaurant booking platform operating various sites; Sneat, a provider of a mobile reservation platform for restaurants; Citymaps, a social mapping platform; and Tous Au Restaurant, a restaurant event week brand. In addition, the company supplies costumes for various occasions, accessories, seasonal d├ęcors, and party supplies through BuyCostumes.com and the Celebrate Express Websites; and provides vacation rental services. Liberty TripAdvisor Holdings, Inc. is headquartered in Englewood, Colorado.

FINANCIAL RATIOS  of  Liberty TripAdvisor Holdings Series A (LTRPA)

Valuation Ratios
P/E Ratio 42
Price to Sales 0.6
Price to Book 1.1
Price to Tangible Book
Price to Cash Flow 2.9
Price to Free Cash Flow 3.9
Growth Rates
Sales Growth Rate -2.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -34.8%
Cap. Spend. - 3 Yr. Gr. Rate 4%
Financial Strength
Quick Ratio 10
Current Ratio 0.1
LT Debt to Equity 69.1%
Total Debt to Equity 79.1%
Interest Coverage 6
Management Effectiveness
Return On Assets 0.4%
Ret/ On Assets - 3 Yr. Avg. -0%
Return On Total Capital 1.5%
Ret/ On T. Cap. - 3 Yr. Avg. -0.8%
Return On Equity 2.6%
Return On Equity - 3 Yr. Avg. -1.4%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 31.7%
EBITDA Margin 18.1%
EBITDA Margin - 3 Yr. Avg. 20.8%
Operating Margin 1.5%
Oper. Margin - 3 Yr. Avg. 2.5%
Pre-Tax Margin 3%
Pre-Tax Margin - 3 Yr. Avg. 2.2%
Net Profit Margin 1.4%
Net Profit Margin - 3 Yr. Avg. -0.9%
Effective Tax Rate -2.2%
Eff/ Tax Rate - 3 Yr. Avg. -57.5%
Payout Ratio 0%

LTRPA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LTRPA stock intrinsic value calculation we used $1532 million for the last fiscal year's total revenue generated by Liberty TripAdvisor Holdings Series A. The default revenue input number comes from 2016 income statement of Liberty TripAdvisor Holdings Series A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our LTRPA stock valuation model: a) initial revenue growth rate of 4.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for LTRPA is calculated based on our internal credit rating of Liberty TripAdvisor Holdings Series A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Liberty TripAdvisor Holdings Series A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of LTRPA stock the variable cost ratio is equal to 99%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for LTRPA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Liberty TripAdvisor Holdings Series A.

Corporate tax rate of 27% is the nominal tax rate for Liberty TripAdvisor Holdings Series A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the LTRPA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for LTRPA are equal to 164.9%.

Life of production assets of 28 years is the average useful life of capital assets used in Liberty TripAdvisor Holdings Series A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for LTRPA is equal to -7.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $803 million for Liberty TripAdvisor Holdings Series A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 72.131 million for Liberty TripAdvisor Holdings Series A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Liberty TripAdvisor Holdings Series A at the current share price and the inputted number of shares is $0.8 billion.

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GOOGL Alphabet Cl A 926.18 981.76  hold
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COMPANY NEWS

▶ TripAdvisor CEO: Trump immigration ban 'heartless and discriminatory'   [02:20PM  American City Business Journals]
▶ [$$] Liberty Media: Better Than Berkshire   [Oct-01-16 12:01AM  at Barrons.com]
▶ CFO Moves: Clean Harbors, Liberty TripAdvisor   [Jan-06-16 05:34PM  at The Wall Street Journal]
▶ Is Neogen Corporation (NEOG) a Good Buy?   [Nov-29  01:58AM  at Insider Monkey]
▶ Minerals Technologies Inc (MTX): Hedge Fund Sentiment Unchanged   [Nov-25  07:30AM  at Insider Monkey]
Stock chart of LTRPA Financial statements of LTRPA
Valuation of Stocks

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