Weighing the value in Soul Patts

With a share price 25% below the market value of its underlying assets, there’s a superficial argument for upgrading. Gareth Brown explains why we're forgoing the opportunity.

Share Advisor’s 2011 Performance report shows how, between 1 Jun 01 and 31 Dec 11, 269 Long Term Buy recommendations delivered an average annual return of 13.0%. That sounds impressive but the general consensus among your analysts is that the figure is too high.

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