Posted on 6/23/20
Dunkin' Brands: Good Business, Better Industry
SummaryDunkin' Brands is a growing, capital-light franchisor in the attractive beverage-led Quick Serve Restaurant space.The business has ample room to replicate its model in the western . . .
Posted on 5/21/20
Hilton: A Rare Capital-Light Compounder For 15x
SummaryHilton is a high-quality, capital-light compounder valued at less than 15x normalized free cash flow.If the hospitality industry recovers to 2019 levels within ~5 years, Hilton . . .
Posted on 3/4/20
Discovery: No-Growth Valuation And Likely To Grow
SummaryFor less than 7x free cash flow, investors can purchase a growing company run by shareholder friendly management.Discovery's competitive position is often overlooked when grouped with . . .
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