I think with the sale of NZ we are moving into a new phase, reduced debt means there are important long term strategic decisions that need to be made, will it favor new investment in PP&E to drive long term growth (if so where), or will there be returns of capital to investors via dividends...
Analyzing the company now to assess long term earnings or SP is hard because those decisions aren't known, what is known is that we have good management that can make such decisions from a position of strength.
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Long-Term progress, page-233
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