Cyclicals: Investor interest max in red zone->research reports start appearing. They value using PE or EV/ EBIDTA on up-coming yr earnings. Worst way 2 value such business! 8x FY19 EBIDTA might turn out 2 b 20x FY20/21. There r Better ways 2 value pic.twitter.com/pGtKQdhqz8
— Deepak Kapur (@tapak7) November 22, 2017
Categories