I want to lie in that pumpkin patch for as long as possible, granted they continue growing their ORA at a 15-20% CAGR.
Much of Buffett's success can be attributed to his understanding of how valuable float is.
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Gez .. things are getting tough .. all the boys & girls might have to quit their 30 year guaranteed store of future OCA
untold wealth & windfalls just to get some bricks & mortar on not even the best dressed street soon ;)
Then the Banks are forecasting Adrian Awesome may be playing another two rounds of whipping Interest rates further north on top .. to make life even more interesting :)
Probably underpinned by those stacked up long on heightened Term Deposit rates .. of course that will take some unwinding ..
The big problem with all this is that the Discount rate applied to OCA & the likes in advance of the huge future wealth on the distant horizon means mark down to a mere 69c today .. as everyone seems to want the alleged forecast wealth OCA may produce 30 years ahead out right now ;)
ValueNZ, aka Linus, waits in the pumpkin patch for the Great Pumpkin to give him deliverance on his OCA investment. He encounters a stupid beagle instead.
https://www.youtube.com/watch?v=xiSIQzwIPzQ
SNOOPY
superfluous to requirement
exactly the sell down of the large pile of un-sold stock is used to pay down debt not add to the float. what all the RV's are doing to a degree at the moment which is debt reduction and increasing cash flow by reducing expansion.
jeepers some of these bag holders will spin any story to make it sound good