Loves this story. One of his core positions across all of his client accounts. Management has a great track record of acquisitions recently. The dividend of 8% is unfair and feels it should trade at a 5% yield given the quality of management and given the track record they are displaying so far. Has the lowest total payout ratio of all companies he follows i.e., combining the dividend payout with the capital spending program, measured against cash flow. Has about a 92% payout so there is room on its cash flow to do more.

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