NACCO Industries (NC) – Buying Business Units for Free
By asues on Thu, 2011-12-29 12:19
(via www.valueuncovered.com)
This odd conglomerate – with very different business models, growth stories, and margins – makes the stock’s financial performance much more difficult to analyze, a fact that is compounded by the lack of significant analyst coverage.
Yet at current price levels, investors are getting a company with a long-history of cash flow generation, at a price which basically throws in a business unit or two for free.
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