"Why would ARB drop 10% with the discovery of the Pfizer cure?"
Because the thing that made the stock double in value over the past 6 months, namely the risk-free investment return - which feeds into the discount rate for ARB's future cash flow stream - is likely to revert to some semblance of "normal" if indeed the Covid code has been cracked.
Meaning that future cash flow stream will be worth less in current money terms.
.
"Why would ARB drop 10% with the discovery of the Pfizer cure?"...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$38.02 |
Change
-0.620(1.60%) |
Mkt cap ! $3.127B | |||
| Open | High | Low | Value | Volume |
| $38.35 | $38.72 | $37.68 | $4.608M | 120.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 249 | $38.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.02 | 488 | 4 |
View Market Depth
| Last trade - 15.40pm 19/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |