We closed this position on September 3, 2021. A copy of the associated Position Update report is here.
We recently published a list of “Micro-Bubble Winners” that should thrive when specific micro-bubbles burst, and while this stock didn’t make the list, it very well could have. Over its 150+ year history, this company has adapted to technological transformations, built up an impressive economic moat, and become a cash cow.
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