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17:28
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Originally posted by mal85:
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Interesting that Wayne explained the lack of validity of this approach directly on the conference call. I
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I just listened to the call today. What lack of validity did Wayne explain? I think he was just articulating that from the businesses perspective they are putting everything into growth, but clearly from a valuation exercise as an investor we have to consider multiple attributes rather than just growth, although I’d agree, long term growth rate is probably the most important.
(20min delay)