I disagree on the valuation front. 2021 & 2022 seem like 2 years of peak/over earnings. Given the discretionary nature of the spending, I think it's trading at an adjusted 8% yield rather than the quoted. 12%
Not a screaming bargain but still a decent buy. Good analysis.
Does is have a durable competitive advantage over its competitors?
I disagree on the valuation front. 2021 & 2022 seem like 2 years of peak/over earnings. Given the discretionary nature of the spending, I think it's trading at an adjusted 8% yield rather than the quoted. 12%
Not a screaming bargain but still a decent buy. Good analysis.
Excellent analysis as always 👏
Great one again! I’m happy I already owned this company