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The market should discount all future cash flows so as long as we end up in a more normal place the results of any one quarter don’t really matter. But yeah, th
by jbs789 1y ago
The market should discount all future cash flows so as long as we end up in a more normal place the results of any one quarter don’t really matter. But yeah, the market is assuming this all resolves itself in relatively short order, which may not be the case. Whether or not the response is rational… depends how quickly it resolves.