On the other hand, the ‘true’, underlying normalised cost structure of a business is often unclear. If a business had a lower wage cost, and higher costs due to transient factors, you could bet that those transient factors would mean revert. But this is perhaps a relatively minor factor.
Good point.
On the other hand, the ‘true’, underlying normalised cost structure of a business is often unclear. If a business had a lower wage cost, and higher costs due to transient factors, you could bet that those transient factors would mean revert. But this is perhaps a relatively minor factor.