This must be the standout short on the market.
1. Almost no risk of an upside earnings surprise as cashflows highly predictable.
2. Overvalued by at least 25% (see Crikey piece I posted yesterday).
I am shorting it with my ears pinned back. Might take 12 months to get there - but this one is heading straight for 2.40.
This must be the standout short on the market.1. Almost no risk...
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