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With multiple expansion projects and a big acquisition to digest, will Agarwal take it easy and hold back on new deals now?
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No new big mines or expansion projects are planned.
The stock is getting no multiple expansion whatsoever for delivering on their numbers.
We believe the conditions are in place for such multiple expansion to happen again.
It also pays for expansion projects like the Second Avenue subway.
Just how big a difference did that multiple expansion make for Mr. Welch's record?
I wouldn't look for further multiple expansion, but for earnings to increase.
We now expect greater appreciation of the growth opportunity, ultimately driving near term earnings surprises and further multiple expansion.
"They only need a couple of blockbusters to move the needle on earnings and get some multiple expansion".
Without Taiwan's consent, Fujian's airport expansion projects might well be wasted.
Big expansion projects already under way will take years to complete.
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