What is ' sell at about six times earnings'? In our portfolio, Hanover and RLI both sell at about six times earnings.
Sep 13, 2018 8:40 AM
Answers · 2
I guess they pay you money, for example a dividend. I guess the buying/selling price is six times this amount. . YOu need a little more context to knmow how often the earnings are paid. For example, if they pay yearly, then the selling price stated is six years earnings. This seems a little high, to have a six-year payback, even if you keep the original asset.
September 13, 2018
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