But what if a company, instead of paying dividends, can invest in the business at supernormal rates of return, which increase the intrinsic value of the business?
Surely that makes such a business more attractive?
"note: i never posted on this forum to downramp the stock. i am not that interested in arguing. if my short is a dud, so be it"
No one is arguing; all that I am doing is conducting a discussion on the stock, by pointing out some aspects of CSL and its valuation which you have overlooked. (Just as I had overlooked them many years ago before someone kindly corrected me.).
CSL Price at posting:
$166.60 Sentiment: None Disclosure: Held
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