We now believe The Knot can sustain higher long term revenue and cash flow growth rates than we had been previously expecting.

The regulation changes will help them find new ways to keep generating revenue growth in the long term.

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

So far this year, fixed-rate mortgage rates have risen only slightly. Long-term mortgage rates are only marginally higher than they were two months ago.

We don't know the rates of (reef) growth.

I can look at the knot in a piece of wood until it frightens me.