RE:RE:RE:RE:RE:v-g wrong again as usual--- FABRICATOR ITS companies have a common trait - that they are loaded with debt. Conduent has lots. Don't you know how tinted a balance sheet?
The more consistent earnings stream means they can afford more debt which means multiples went up. Now the reverse happens as the debt becomes more expensive to carry and they can carry less debt and the multiples retract.
ITS is a very inflation and interest rate sensitive sector.