Haha...have you not heard of the Price-to-Billboard ratio before? It's far more robust than the P/E.
Why do you think Anchorage wanted to buy the debt? Their DD was getting a team of drivers to cover all the roads in Australia and manually count the number of SGH billboards.
They also checked the SGH website and saw client satisfaction was 98%.
Once those two ducks were in a row...they pulled the trigger on buying the debt.
Haha...have you not heard of the Price-to-Billboard ratio...
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