The company has a powerful global brand, a terrific balance sheet, an excellent valuation, opportunistic buybacks and a big dividend. This is a value play, a dividend play and a balance sheet play — all in one.
It offers a beautiful combination of a great management team, an excellent valuation and a long-term competitive advantage in its industry. And anyone buying now is locking in a free cash flow yield of 24%.
It’s an excellent business with high profit margins, high returns on invested capital and plenty of growth ahead of it… and it’s led by a founding CEO with a billion dollars of his own cash on the line.