Net present value can lead to substantial valuation errors, particularly for long-term investments which are typical for large infrastructure projects.
We don't have that level of detail on Russia. Russia is one of the largest producers in the world. Any deviation from the broad assumption of production not dropping this year in Russia could be very meaningful.
Instantly, the chat rooms filled with prognosticators debating the merits or lack thereof for Apple’s next big thing. But Apple’s announcement is both less and more important than you might think.