I agree 100% of $ASO. Having a concept with nice FCF conversion after store expansion strategy cap-ex (60% in $ASOs case) allows you to leverage the returns via buybacks. $ABG has about 70% FCF conversion. I like the growing retailers with high FCF conversion.
I agree 100% of $ASO. Having a concept with nice FCF conversion after store expansion strategy cap-ex (60% in $ASOs case) allows you to leverage the returns via buybacks. $ABG has about 70% FCF conversion. I like the growing retailers with high FCF conversion.
I agree 100% of $ASO. Having a concept with nice FCF conversion after store expansion strategy cap-ex (60% in $ASOs case) allows you to leverage the returns via buybacks. $ABG has about 70% FCF conversion. I like the growing retailers with high FCF conversion.