Atec mobility is great on financial metrics. But given the double digit free cashflow, the 1% dividend yield is a bit puzzling. Sure they buy back 2-3% of shares per year but capital return is still gross inadequate given the business is not capital intensive and they’re now growing like weeds.
I did know this stuff, but as they say, to know but not do, is the same as not knowing at all.
I am guilty of constantly kicking stones to see if there are diamonds underneath - when in fact, I already have diamonds in my portfolio where I am probably better at investing further.
Also, I would suggest this isn't a one rule fits all. Age, for instance, comes into it. At 70+ I am more comfortable with proven stalwarts that provide a decent return. Won't be much fun for me for someone to say to me on my deathbed, 'guess what you know that share you bought 15 years ago, it has just hit the moon'
Love this article Kevin and the golden rules from Lynch remind us of what is truly important in investing. Having a framework and the discipline to implement it makes all the difference in the long run.
Atec mobility is great on financial metrics. But given the double digit free cashflow, the 1% dividend yield is a bit puzzling. Sure they buy back 2-3% of shares per year but capital return is still gross inadequate given the business is not capital intensive and they’re now growing like weeds.
You’re right about that. If the FCF yield is real, they could do more
Another 'hum-dinger' of an article Kevin.
I did know this stuff, but as they say, to know but not do, is the same as not knowing at all.
I am guilty of constantly kicking stones to see if there are diamonds underneath - when in fact, I already have diamonds in my portfolio where I am probably better at investing further.
Also, I would suggest this isn't a one rule fits all. Age, for instance, comes into it. At 70+ I am more comfortable with proven stalwarts that provide a decent return. Won't be much fun for me for someone to say to me on my deathbed, 'guess what you know that share you bought 15 years ago, it has just hit the moon'
Look at Munger, you've got at least 25 years of investing to go 😀, at least I hope!
I fully agree. It is very personal and based on where you are in life.
Great stuff...
The FCF at ALWEC was negative unitl 2023, because they buildt up investory.
Thanks for sharing!
Again a fantastic post, I am just reading the last ages of one up on wall street
Thanks. Planning to read it once more in 2025!
Love this article Kevin and the golden rules from Lynch remind us of what is truly important in investing. Having a framework and the discipline to implement it makes all the difference in the long run.
"Timing is everything and now does not seem to be the time."
why do you think that now it is not the time for Subaru?
just asking