I really enjoyed Part II. I like the 'reading between the lines' stuff. Keepe 'em coming !! The only thing that worries me here on KVUE is the debt load ($8.6bn as of latest Q). Also, they basically pay out all of their FCF on the div. Though, I guess this is + for the thesis, not negative.
I’m glad you enjoyed reading the piece. On the debt load, agree it’s a bit high but being fair this isn’t a long term best compounding idea for me. The thesis is more built on a short term special situations divestiture play.
I really enjoyed Part II. I like the 'reading between the lines' stuff. Keepe 'em coming !! The only thing that worries me here on KVUE is the debt load ($8.6bn as of latest Q). Also, they basically pay out all of their FCF on the div. Though, I guess this is + for the thesis, not negative.
I’m glad you enjoyed reading the piece. On the debt load, agree it’s a bit high but being fair this isn’t a long term best compounding idea for me. The thesis is more built on a short term special situations divestiture play.
Agreed on the timeline. Hoping we get a dip, or more likely a bit of time to come in a little.