CSL 0.40% $289.10 csl limited

Ann: Market Update, page-21

  1. 16,453 Posts.
    lightbulb Created with Sketch. 8025
    Lol.

    Demonstrably, market participants can't even get the near-term growth forecast right, which is surely far easier to predict than the terminal growth rate, something which is out in the distant future.

    Besides, even if the terminal growth rate could be known with certainty, the starting base just got ratcheted down by 10%.

    .
 
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