Applied Finance argues that despite their prices, growth companies may very well be undervalued in terms of their intrinsic value.
Value Investors Don’t Need to Avoid Growth Companies. In Fact, Doing So Can Hurt Returns.
The Wealth Creation Effect
Finance is in a funny place now. Corporate finance operates under the guidance of the NPV Rule. NPV Rule provides the following guidance to corporate executives: To the extent a corporation sources investment opportunities with [...more]