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Showing posts with the label Recurring Revenue

Stop Guessing What a Stock Is Worth

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Investing in Firms That Still Sell Printer Ink

A Cash Flow Strategy for the Truly Patient There are two kinds of investors in this world. The first kind wants growth stories with verbs in the future tense. Will disrupt. Could redefine. Poised to transform. Their portfolios read like a TED Talk lineup, and their stress levels spike every time interest rates move a quarter of a percent. The second kind quietly owns businesses that sell things nobody loves, nobody brags about, and nobody ever seems to stop buying. This post is about the second kind of investor. Specifically: the investor who looks at printer ink, nods slowly, and says, “Yes. This will pay my dividends.” Printer Ink Is the Opposite of Sexy — Which Is the Point Printer ink occupies a strange place in modern life. Everyone hates it. Everyone complains about it. Everyone swears this is the last time they’re buying a printer. And then, three weeks later, they buy ink again. This is the entire thesis. Printer ink is not aspirational. It does not trend. It does...