HVN 0.20% $4.87 harvey norman holdings limited

Ann: Half Yearly Report and Accounts, page-43

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  1. 4,287 Posts.
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    Ok lets stop beating around the bush. HVN currently has higher margins and higher returns on its capital (much higher) than what can be expected on average over time, based on an examination of track record. And that's quite apart from the question of whether or not the competitive position has changed (Amazon, enlarged JBH etc).

    But feel free to assume that will continue indefinitely.
 
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