The government bluffed.
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The government bluffed.
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Commenting on expected stock reactions, analysts at Deutsche Bank said: “It’s hard to calculate how much the stocks may be up tomorrow, but we assume most stocks should trend towards 11-14x consensus ’11E EPS, which is where many stocks with no expected regulatory earnings reset are already trading (DV, CPLA, LOPE, UTI).
That means ESI has at least 20 points higher to go.
Holy crap! Where were we on this story?