Adding to an Existing Position📈

Capital light compounder at a fair price 🧠

Hi there!👋

Today we are adding to one of our high-conviction positions.

The business is a cash-generating compounder with a capital-light business model.

The company is labeled a “sin stock” due to the industry it operates in.

Looking at the fundamentals you would not believe this business would trade at a forward PE of 16.

Let’s get to it 👇