Sentences with phrase «multiple contraction»

These broad - based multiple contractions have an immediate impact on what investors are willing to pay for the more mature private companies.

And we see earnings and dividend growth offsetting a modest return drag from multiple contraction over the medium term, making equities attractive relative to other asset classes.

And we see earnings and dividend growth offsetting a modest return drag from multiple contraction over the medium term, making equities attractive relative to other asset classes.

Still, we see the economic and earnings backdrop as positive for equities, with fuller valuations a potential drag, especially in the U.S. Equities in Japan, the only major region to see multiple contraction in 2017, look well positioned.

«Only the hubristic deign to project the market multiple — and those who «accidentally» get it right for a year, like us in 2011, and potentially develop exaggerated confidence — as evidently we did this year in projecting another year of multiple contraction,» wrote Parker last year when he realized his 2012 call was likely doomed.

A lot of the growth in the underlying business has to first go to offsetting this multiple contraction before you can start profiting from it.

If entry multiple is high, I factor in a multiple contraction, and if low, then an expansion.

Obviously the best returns come in the latter situation but by focusing on expected returns, I have sometimes bought high P / E businesses too because even if there was a multiple contraction, there is good money to be made in a decade...

A lot of the growth in the underlying business has to first go to offsetting this multiple contraction before you can start profiting from it.