To some people, valuation is seen as a science. This means once we input the needed data into some elegantly developed formula, then we should get a firm price as a result. To others however, valuation is seen as an art -meaning there is more to valuation than a mere mechanical operation. what do you think? Outline your thoughts in a paragraph or two. Specifically state the reasons for your argument.
This posting discusses the concept of valuation and how it is used in the determination of the value of a company's stock.