Is This a Prime Example of Compounding?

I think it is a prime example of compounding. I couldn't ask for any more as a shareholder from them to be fair. And this is the result of a strong free cash flow and a relatively low dividend because they have now 40% payout. But if you're like conservative in general in your whole approach, then they have just always room to grow still with this. Their earnings are so predictable and it didn't even spin off Boulpint.com yet,. It doesn't really contribute to the net profit and to the cash flow, free cash flow. So we're not even discounting for this when you think about fair value and such.