I'm not sure why you "think growth at the moment here is limited"... Unlike other childcare players, these guys have a pipeline of new (already profitable) centres available to acquire - at their option - at (an immediately) profitable price for Nido...
Ka-ching!! How much profitable growth do they want to buy at any time??
[And I'm actually underselling how good this arrangement is for Nido shareholders - DYOR... You won't find much better out there!]
I've sold some other underperforming stocks and adding to my NDO holding at these levels... In a few more years the NDO management team will sell all their expanded portfolio at a big multiple of what they are buying for now.
NDO Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
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