ARB 0.89% $38.64 arb corporation limited.

"Why would ARB drop 10% with the discovery of the Pfizer cure?"...

  1. 16,479 Posts.
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    "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.

    .
 
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