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We are not a - we want everything operation that expects a handsome return for doing nothing! Where have you seen - Investment criteria; “margins of at least 10%” or “we prefer non-seasonal companies without excessive working capital needs relative to sales, as well as low-to-moderate annual capital expenditure requirements” or “be well-managed with a solid infrastructure, partnering with experienced managers who will oversee day-to-day operations” or “mature, non-cyclical industry - preferably fragmented with few dominant market leaders” or customer concentration where “the top customer does not account for more than 30% of revenues” or “Proven profitability for the last three years with future expectations of positive, stable cash flows is preferred” Or, our investment focus is in companies with “dominant or defensible market position, with stable operating margins, generating significant free cash flow, with a high return on invested capital, and with well-constructed balance sheets” |
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