BofA points out that the sector currently trades at 22x trailing free cash flow and 15 times enterprise value to trailing Ebitda. While bulls might argue that the stocks look cheap after falling 24% from peak valuations set a year ago, BofA cautions that these multiples have merely returned to pre-pandemic levels. Furthermore, BofA asserts that insurance distribution firms frequently utilize liberal earnings “adjustments”—such as excluding integration costs from their steady stream of acquisitions—that tend to significantly flatter their true earnings power.
Фото: Stringer / Reuters
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Christine Tyler Hill, 36, took a job as a school crossing guard in Burlington, Vermont, after years of working as a designer and illustrator. She was looking for a way to feel more connected to her community. Each weekday starting around 7:30 a.m., she spends 50 minutes managing a crosswalk near a local school. The post exposes her to the same faces and varying weather each morning, giving her a steady stream of small moments and details to write about.
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