Using Benjamin Graham's formula for share price value CBI has current value of $ 51 which makes current price under valued by about $13. CBI would need to appreciate about 34% to be considered fairly valued. I suspect that sometime in the not too distant future CBI will be fairly valued. Further, as markets rise and fall, I further expect that at some point CBI will become over-valued, perhaps $ 68 which would be about 79% appreciation.
Yep, I'm in this one.