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Winmark: Unveiling a Small Cap Gem
This chapter explores the underrated small cap franchisor Winmark, known for selling gently used goods through brands like Play It Again Sports and Plato's Closet. The discussion highlights Winmark's impressive gross margins, cash-generating franchising model, and strong dividend history, while also addressing potential market threats and leadership changes. By comparing Winmark's unique position to larger retail competitors, the chapter provides valuable insights for value investors.
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