Investors love the company. Despite a short RLI I think there are hidden values
"If the RLI was in fact only six years, the Black Scholes method returns a value per share of CDN$5.00 per share versus a market price in the CDN$8.40 range."
So suddenly black scholes valuation proved to be wortheless.
"If the RLI was in fact only six years, the Black Scholes method returns a value per share of CDN$5.00 per share versus a market price in the CDN$8.40 range."
So suddenly black scholes valuation proved to be wortheless.