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Is There Any Use for Relative Valuation?
I would say, I mean, basically the whole adjustment thing with Mobison, he's talking about adjusting for basically kind of for DCF in a way. So it probably makes sense to use your own adjustments. But if it's a relative valuation, multiple like PE or price to free cash flow, you're saying, don't go through that. Yeah. Like I don't adjust stock based compensation. If I'm looking at a price toFreeCashFlow as we are screening companies, but when I'm doing the in depth DCF, how much is the stock worth? Then I'm definitely adjusting forStockBasedCompensation. And I'm keeping that consistent with every stock I analyze