I don't think fat bloater us finished bloating. If long term investors base their investment on long term averages then anyone analysing the results after this years results are released will be valuing the company at less.
5% decline knocks 1% off the long term growth average. This will make ccv comparatively expensive tsr when compared to wow. To correct for the 1% decrease in earnings the price would need to fall 20% and more as you look at shorter time periods such as 5 or 3 year averages. It is nothing more than speculation to pick a low of a company like this but I'm holding some spare cash on the premise that the lowest share price will occur six months after full year results release.
Still a great long termer and a few dollars will make no difference over 20years.
CCL Price at posting:
$12.17 Sentiment: LT Buy Disclosure: Held