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How to Know When Historical Price Multiples Don’t Matter Anymore

Wednesday, March 1, 2017 23:07
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“As an industry becomes less competitive and more cooperative, the stocks in the industry deserve higher multiples. Conversely, as an industry becomes more competitive and less cooperative, the stocks in the industry deserve lower multiples.”

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Source: http://www.gannononinvesting.com/blog/2017/3/2/how-to-know-when-historical-price-multiples-dont-matter-anymore

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