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If you think the company will keep returning that profit, no more, no less, and it happens to be true, then you will most likely find market participants who ar
by usrusr 10y ago
If you think the company will keep returning that profit, no more, no less, and it happens to be true, then you will most likely find market participants who are convinced that the company will return more than that in the future. Since their projection of future returns is much higher than yours, they will offer you enough to sell. The new owners won't be content with with the stable return because that's not what they paid big money for.