Sublime

KLA looks like AMAT, but smaller and better. 74% 10Y cash on cash returns, including their '19 acq. of Orbotech for $1.9Bmm, vs. AMAT's 52% w/o any big acq. Orbotech was funded 1/2 with newly issued shares but KLAC increased their buyback such that FDSO out actually went down in 2019...___L... See more

Ignoring large acquisitions after their failed merger with Tokyo Electron in 2015 and their successful 2011 acquisition of Varian for $4,200mm acquisition, Applied Materials is now in capital return mode; ~$24,000mm last 6 years, mostly repurchases with FDSO <70% vs. 10 years ago $AMAT

$PHM doing best at what all builders are trying to do: more options, less land, more buybacks: the $NVR plan Share count down ~50% in 10 yrs; and with its cheaper P/E, the buybacks went further for PHM's owners: 32% total CAGR last 5 yrs vs 22% NVR 20% last 10 yrs vs 19% NVR https://t.co/8KmlKraGij

If you like cannibals, these may be worth a closer look https://t.co/43Yp3GnQ8V

Lam Research's 'Cash Flow Machine' has performed nearly identically to KLAC 73% and 74% cash on cash returns over last 10 years 🤯, both MSD TTM Each spent just 27% of 10Yr. CFO on capex KLAC returned 98% of 10Yr. CFO vs. Lam at 88% who also issued $3.3B worth of... See more

Expeditor's is an interesting one. Very little reinvestment, no acqusitions. Wild bullwhip in earnings and cash flow but still ends up with 68% cash on cash returns L10Yr Returns ~all capital to shareholders. FDSO (35%), EPS +260% '10 - '24 Trades for 20.8x P / NTM E ___LINEBRE... See more