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AUTHOR
DATE
SUBJECT
4
member
11/13/20 1:39AM
Questions
Thanks for the idea. A few questions
1. Given the clear (albeit moderate) benefits of scale you outlined, why has the industry remained so highly fragmented?
2. How does the company manage commodity risk? It seems that... login to read the rest
1- 1. They’ve said buybacks and small M&A. No big deals. I would prefer they stay away from M&A as well unless the deals are small and highly value-creating
2- 2. Its 125-150 including intangible additions
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