One of the more interesting aspects of the analytic exercise is the separation of church and state. Without assigning categories, the stock analysts look at valuing a company whether through peer comparisons of multiples or discounted cash flows. The credit folks on the other hand are looking to see whether the company can pay its bills. Both are selling but from highly divergent viewpoints. We struggle with the question of whether these are, in fact, mutually exclusive.
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Tags: · Nordea
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