Agree with 1mission here, Flight Centre's Intrinsic Value has...

Agree with 1mission here,

Flight Centre's Intrinsic Value has been dropping since EOFY/13

For anyone interested, below are my valuations since EOFY/13
including Quality Ratings

(A-1) EOFY/13 = $43.06

(A-1) EOFY/14 = $41.67

(A-2) EOFY/15 = $37.93

(A-3) EOFY/16 = $32.19 (Using EPS of 237.8) (- 9.35% from last year)

If you include a 15% Margin Of Safety = $27.36

Still a high quality company, but performance has dropped to average
U.S. results have not met expectations either, which is disappointing

Without predicting where the shareprice will go with 100% certainty
If shorters jump in I think it goes below $30.00