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Value After Hours S04 E06: Acquirers Multiple All-Time Spread, $ARKK Blow-up, The Red Queen

The Acquirers Podcast

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The Spread Between E v D Ebit Has Widened Whole Lot

The longer your holding period, the more important return an equity becomes. But i don't see how you can buy ta discount without having a view on your long term aroe. Take energy for example, over the last 12 months. Like energy looks worst at the bottom of a cycle like lowand low prices for oil. And paradoxically, that's the best time to buy energy, because that's when it gets cheapest. At the other side of the cycle, when they're earning lots of money on on equity,. Ah, then now they're expensive, and now everybody knows. The spread between e v d ebit has widened whole lot. Well, guess what? The market's

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