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09:49
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Originally posted by HK1
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Just remember that they are not spreading out geographically - they have always been selling worldwide and have had distributors worldwide for many years. The new warehouses are just making things more efficient. Until relatively recently, I don't think ARB really had much focus on the non-Australian market. They have had the USA office for a long time, but that was largely for the AirLocker and the other products were just incidental. But I feel, as part of their growth strategy, they have realised that they can get more sales simply by being more efficient in the way they deliver their products to the regions. It does also help that ARB now has a wider range of products and their marketing machine is clearly doing alot of work.> What kind of a return on capital, can we expect in the OS operations, compared to the domestic operations?
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Good comments. I don't doubt that this team can be trusted. Investors however need frequent reminding, I find, that sales growth does not equal wealth creation. In fact the growth mantra has been one of the greatest destroyers of wealth in the history of capitalism.
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