tag:blogger.com,1999:blog-7342528022617501525.post5097478715308332461..comments2024-03-28T15:05:33.781+13:00Comments on Economics New Zealand: WACCy thoughtsDonal Curtinhttp://www.blogger.com/profile/03687495556590450225noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7342528022617501525.post-3825605655339498872014-07-30T16:44:12.217+12:002014-07-30T16:44:12.217+12:00I agree. It may well have been that the companies ...I agree. It may well have been that the companies looked at merit appeals as offering only potential upside to the status quo, and didn't factor in either the downside risks or the legal and other costs of the upside. And did any of them sit around their board tables and say, "listen lads, just between us, we could probably live with where the CC is at, let's get on with running the whelk stall"?Donal Curtinhttps://www.blogger.com/profile/03687495556590450225noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-49545455806454140092014-07-29T23:46:01.140+12:002014-07-29T23:46:01.140+12:00It turns out that the consequences of taking a mer...It turns out that the consequences of taking a merit appeal are not always asymmetrical either...<br /><br />While I enjoy the irony, if I was a lines company shareholder I would be wondering about the money spent pursuing the merit appeals, only to (1) gain nothing and (2) have the High Court suggest the Commission lop a chunk off your WACC. <br />Ben Hnoreply@blogger.com