CP
Canadian Pacific Kansas City Limited
stock NYSE

NTR CVE CNQ CP CNI BYDDY

He needs the money to produce more CP with his own model

NTR CVE CNQ CP CNI BYDDY

He needs the money to produce more CP with his own model

For most of them, I found public market companies that were as close of a comparison as possible. GEICO to Progressive, BNSF to UNP/CSX/CP, etc.
I then used Morningstar’s fair value estimate to get an idea of whether the market valuation is currently reasonable or out of whack. Some didn’t have a Morningstar analysis so I had to do my best to judge those myself. These are all mature, “boring” businesses so most of them were in line or under.
I then took the 2024 revenue and earnings for the Berkshire company, and multiplied it by the P/E and P/S ratios of the public market counterpart(s) (most had at least two good comps). That gave me a baseline valuation and normalized things in case earnings were effected by one offs. I then adjusted it for earnings growth (if the Berkshire company is shrinking and the public company is growing at 10%, obviously the valuation should be much lower). I think I valued all of them below the public counterparts
It’s not perfect, but I did my best to estimate conservatively and use as similar of companies as I could find. The reason I even did it was that book value is really distorted because of the way it’s calculated. The private companies are only valued at ~200B when it’s very obviously far, far more than that. Whether it’s $550B or $520B or $600B, it’s certainly nowhere near $200B.

INTU, TOI, VTEX, NURS, CP, BONEX
NFLX, MA, V, SPGI, BN arguably cheap too

CP - canadian pacific? a great TRAP; no growth past yr, minimim past 5 yrs and 0.9% dividend?

Yeah I missed CNQ because my paycheque was on a different week when Maduro was “kidnapped”.
I think CP is a buy any price below $100. At $97 last week, I was only able to accumulate half my desire position.

Bought some CNQ at the exact bottom 😂
Also slowly adding some CP, I see it doing a steady 10-12% which looks better than the other stocks in this expensive market