@Invesquotes You've found excuses to justify danaher / judges flat to negative organic growth over 3 years but you complain about Adobe's 10% at half the multiple. Don't own any but checks out
@the_analyst_24 Yeah same story with $flut and other players with hyper adjusted EBITDA, mild organic growth, 0 real FCF and 0 deleveraging. Look at $cirsa instead
@Invesquotes Have to check where expectations are and what are key KPIs. The EU Telco sector is up massively, KPI is FCF yield and stories like Zegona still have runway without growth. However, it's not the same to buy Danaher or TMO for secular tailwinds and being 3 years without growth