BofA points out that the sector currently trades at 22x trailing free cash flow and 15 times enterprise value to trailing Ebitda. While bulls might argue that the stocks look cheap after falling 24% from peak valuations set a year ago, BofA cautions that these multiples have merely returned to pre-pandemic levels. Furthermore, BofA asserts that insurance distribution firms frequently utilize liberal earnings “adjustments”—such as excluding integration costs from their steady stream of acquisitions—that tend to significantly flatter their true earnings power.
«Европа бьет сама по себе». Страну НАТО заподозрили в организации атаки на российский газовоз. Новые подробности атаки на судно20:45
。业内人士推荐51吃瓜作为进阶阅读
The interview section is the book’s crown jewel. It contains what are believed to be the only interviews ever conducted with several of its subjects—most notably Mark Flint (the enigmatic head of System Sacom). With rare input from people like Fukio “MTJ” Mitsuji (creator of Bubble Bobble, who died in 2008). For a number of the Western developers, these are the earliest known long-form interviews, predating the retro gaming preservation movement by over a decade.
林俊旸所珍视的“垂直整合”体系，在管理层视角中，或许正是效率损耗与部门墙高筑的源头。
the UK, the US industry had quickly caught up. By the time the 2984 would be