It presumes that the market price is the best estimate of a stock's intrinsic value, or what all its current and future cash flows are worth.
WSJ: Intelligent Investor: Don't Bet the House on Efficient-Market Model
We estimate that Best Buy generates about 70% of its stock value from U.S. stores.
FORBES: Reality Bites Into Best Buy's Margins Due To Probable Discounting To Relieve Inventory Bulge
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