Quick Value 7.10.23

Quality retailer at <10x earnings, growing 10% annually, dodged inventory overbuild (!!)

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This week covers a high quality retailer with excellent fundamentals going back years (really since management changed in 2017). Though I’ve wanted to dig into the plethora of distressed retailers that spent boatloads of cash on inventory in 2021-2022; this company completely dodged that slip up. Sales are growing 10%+ annually and the stock trades below 10x earnings…

Market Performance