market says yes... mike says woe, page-29

No one here is claiming it won't keep growing. The shorters are only claiming it won't keep growing as fast as it has in the past, and as fast as the expectations of the share market (share price).

JBH will more than likely maintain margins, grow sales and fund expansion. This will lead to good/very good profit growth. However, the share price is reflecting more than just good/very good profit growth. The question is whether they can expand their margins in order to achieve outstanding profit growth, which is required to justify the current share price.

Personally, I think JBH has a few more years of outstanding profit growth, but time will tell.