Investing Power Hour #65: FTC vs. $MSFT (again); Short Report on $XPOF; Retail Shoplifting Issues
Chit Chat Stocks
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The Importance of Reinvestment in HVAC Companies
Andrew Keen: I don't know if the moat's big and grocery, but it's the... That certainly checks the box for the reinvestment side of things. There's a lot of businesses out there that are clearly moats, but the reinvestment runway isn't quite as large. Those can still generate good returns, but not quite as good. When they're trading at 25 to 30 times earnings, it just doesn't excite me, and maybe to my detriment.
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