问题
单项选择题
Jack Saunders is analyzing Bareo Incorporated. an industrial conglomerate company. Saunders is estimating the intrinsic value for Barco Incorporated by forecasting the company's earnings per share and earnings multiplier. Each of the following attributes of Bareo will increase the company's earnings multiplier EXCEPT:（）
A. Barco Incorporated has never had a restructuring charge in its history.
B. Barco Incorporated's earnings move in tandem with overall economic growth.
C. Barco Incorporated consistently generates free cash flow.
答案
参考答案：B
解析：
Since Bareo Company's earnings are cyclical, the earnings multiplier is reduced versus a company with a stable earnings profile.