growth

This week we report on a one-time railroad company that has become one of the greatest success stories in American finance – finding capital efficient ways to generate new revenue and maintaining 60% profit margins for decades.

This issue is devoted to an expanded portfolio review – looking at five of our holdings that are finding ways to win in the current stagflationary environment in the U.S. economy.

This company is a leading manufacturer of electrical components used in construction and manufacturing – and stands to benefit from the more than $2 trillion of infrastructure funds being poured into projects across the U.S.

In addition to its thriving e-commerce segment, this company has also created online grocery and restaurant delivery services and the largest domestic streaming service in its home country in southeast Asia.

In this month’s issue, we focus on a serial buyer of businesses that for 40 years has been acquiring good companies and making them even better. ­