Bull Case:
- Has always commanded a premium
- Strong revenue growth
- Solid Return on Equity
- Dividend Safety
Bear Case:
- Way over valued with P/E = 36
- Will be tough to maintain dominance if we fall further into recession
- Has always commanded a premium
- Strong revenue growth
- Solid Return on Equity
- Dividend Safety
Bear Case:
- Way over valued with P/E = 36
- Will be tough to maintain dominance if we fall further into recession