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DewDiligence

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DewDiligence

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Re: Rocky3 post# 177873

Monday, 05/12/2014 10:20:27 PM

Monday, May 12, 2014 10:20:27 PM

Post# of 257684

Clearly the ZTS spinoff must be added, but the other divestitures should be in the current value of the company in some way, shouldn't they?

Not really. Much of the proceeds from those deals was offset by share buybacks and increased dividends that wouldn’t have happened if not for the divestitures.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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