@growthinvesting Yes, the arc won't bend in this particular example any time soon.

@arny_trezzi Sure. Utilities is an odd one since the companies in Europe are heavily burdened by regulatory bodies where the customer is priviledged by potentially having the choice of switching between suplliers in 24 hours (this means facing the risk of losing customers on a daily basis and instantly) while in the US, more or less the companies are monopolies in the market they operate (also apart from being utility companies some of them have energy/ natural gas operations on a side). Regarding the Consumer Discretionary sector, doubt any company in Europe could achive the multiple of Tesla $TSLA, McDonald's $MCD or Nike $NKE.