Yeah but the market often doesn't have a clue. Remember only a couple of months back with the last update when the market quickly sold this down to $20 then within days / weeks it started to bounce back up to $25. That a huge mistake for those that run with the market reaction. I still see inflation and interest rates as higher and for longer than previously expected and as these numbers clearly show this is the cream on this cherry pie for the next couple of years.
They conservatively tell the market another 7.5% next year on top of the 90% growth in EPS this year and the market sees this as insufficient. 33% increase in dividend is nice but a massive buyback is the interesting bit which might provide some extra opportunity for capital growth with the tax benefits.
CPU Price at posting:
$23.92 Sentiment: Hold Disclosure: Held
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