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GHC - Graham Holdings: Notes On The Annual Meeting And Pandemic Impacts
Graham Holdings Company
It was only two months ago that I last wrote about Graham Holdings Company (GHC), but it feels like it may have been two years ago. On March 9th I modeled the company's worth at ~$680 per share using what I felt were conservative assumptions.
While the number of confirmed COVID-19 cases at the time was still low, the risk of large scale disruption was there and clearly not enough effort was made to analyze this risk and incorporate it into the modeled valuation.