image de profil
This does not necessarily have to be due to the PM figures. Over time, falling interest rates or other aspects may be more strongly priced in again.
image de profil
@KevinE They should have been priced in long ago, the market is not that inefficient.
image de profil
@TaxesAreTheft I keep seeing inefficiencies on the market. Be it €80 at 3M or €26.50 at BAT.
1
image de profil
@KevinE That's true, of course, but interest rates are far more obvious and calculable. In the case of the two, these were more fundamental miscalculations.
1
@TaxesAreTheft perhaps because Altria continues to manage to keep profits rising and rising every year?
1