|TOP PICK||$17.200||BULLISH on PRECIOUS METALS||MARKET NEUTRAL INVESTING: SMALL/MID-CAP||Yes|
Cash flow return on investment has improved dramatically since they went to an asset light model and is showing up in the special dividends that the company has been paying. Really under levered. Have $100 million in net cash, 20% of their market. Generates tremendous cash flow. There is a rumour that their parent will use the cash to purchase the distribution rights for José Cuervo Tequila.
Chief Investment Officer, Curvature Hedge Strategies