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Matt Newell's avatar

Interesting idea, thank you. A couple notes/questions:

Why has share count doubled since 2020?

Why use P/OI? OI is agnostic to capital structure, but market cap is not - you need to match the two. So the right metric would be EV/OI (aka EV/EBIT) - or if you don't want to be capital structure-agnostic, good old P/E.

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