ACF Always Count on Formwork, page-17

"Expect a lot of buyers have been burnt this past week?"

Many, many more sellers have been burned over the last few years, by not staying long during the inevitable short-term dips in share price that happen to all stocks. I have gladly remained long through all the dips since early 2020, and have reaped a 5x share price gain, plus rapidly growing dividends.

As I have said before, Acrow is now a very much higher quality and lower-risk business (and even better value now) than it was 3 years ago due to its much larger market cap, much higher profitability and much greater diversity in regions and customers served, as well as the range of services now offered. A higher P/E should be awarded by the market for this, but the P/E is still the same as it was in early 2020 when it was a one-trick pony and less than $50M market cap.

One of Acrow's key strengths is its ability to reinvest more than half of its profits (plus some additional debt at times) with returns of over 30%. Companies that can do this year after year compound rapidly, as Acrow is doing. Proof of this is that Acrow's market cap has gone up more than 5 times since early 2020. I fully expect it to keep doing this for some years yet.

Staying long now is one of my easiest investment decisions to make.