Anthony Macdonald

between those two when they converge and when they get apart.

And at the moment, the bond investors are saying, hang on, let's worry about inflation.

Well, the equities investors are still saying, you beauty, earnings are growing.

We're onto a good thing here.

So the bond and equity investors are on different pages and we've just got to see whether they come together or get further apart.

And just quickly, James, we can't let this one pass without mention.

One of our favorite lunchtime topics, Guzmany Gomez, is pulling up stumps in the US.

The stock's up 15% on Friday morning, right?

Pulling out of the US, this is supposed to be a bad thing.

The company's talking to investors right now as we speak.

What do you reckon, James?

Is this good news or is it bad news for the US who won't get to see an Australian company reinvent their pet industry fast food?

Yeah, I mean, I agree with you and I disagree with you a little bit.

I mean, I wouldn't say that nobody sees growth here priced as a growth company.

I mean, the Australian business is still growing.

Australian network sales will be up this year.

Australian network EBITDA is supposed to be up about 25% this year.

I mean, that's good.

But yeah, I agree with you completely that at the time of the IPO, the sizzle was the US.

I mean, that's where the big, big bang growth could have been.