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July Value Idea Contest Winner Announcement

July 09, 2012 | About:

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Rating: 3.4/5 (10 votes)

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V Investor
V Investor - 2 years ago
DCF calculation can be applied to a cyclical company, just conservatively. You obviously aren't going to get it right every year in the future. The overall difference in valuation from assuming cyclical swings and a linear progression is not huge. What really matters is the dependability and permanence of the industry. Valuation is an imprecise process in the first place.

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