Earnings look pretty good short term too! I think that is where...

Earnings look pretty good short term too! I think that is where the market has it wrong.

When modelling 6 years out you have to account for the uncertainty on prices, costs, supply, demand, known risks, management actions and black swan events. The estimate then has a huge margin of error making any valuation distribution a dart board the size of a barn door.

This doesn't mean you shouldn't try as it gives at least a possibility of amazing returns for TFC, but don't put much value in it's accuracy.