DOW 1.73% $5.87 downer edi limited

So goldman valuation work like this?Have an orignal forecat of...

  1. 3,281 Posts.
    So goldman valuation work like this?
    Have an orignal forecat of $9, then on a downgrade, factor in the writedown to 6.30, then on the back of no new info, revalue again at $5, so was 6.30 a half assed estimate not based on all the information available, or is there some kind of calcultion to factor in bad corporate goverence.

 
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$5.87
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