BRG 0.88% $27.14 breville group limited

(Good grief.) Yes, it was a very good, clean result. And, yes,...

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    (Good grief.)

    Yes, it was a very good, clean result.
    And, yes, it is a well-managed business.
    And, yes, the future appears just peachy.

    But you might have thought that, at a P/E multiple of 22x/23x and an EV/EBITDA multiple of ~13x going into this result, that the market was already pricing in that peachy future.

    But, no... for some reason the market reckons the company is today somehow worth 20% more than it was last night.

    Bizarre.

    ..
 
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