Subject: Re: Morning Musings
What is the point of this post?
Do you want MungoFitch to apologize for making a recommendation?

No problem, I apologise unreservedly. What was once a great firm no longer looks that way, for 3 years. A recommendation is a call about the future. The future hasn't been like the call.

Of course, if in the distant future the business miraculously goes back to something like its old multiples, at least it won't look so egregiously wrong.
They used to average about 1.29 times sales (implying around $260 for 2026) and about 15.8 times cash flow (implying around $192 for 2026). http://www.stonewellfunds.com/...
If only...

Jim