If you ever wanna write a book on how a companies financials...

If you ever wanna write a book on how a companies financials should look like over a 10-15 year period, then look no further. The proof is in the pudding. This is an absolute gem of a stock to hold long term. I'm surprised it's even trading at these levels. There are that many companies listed on the asx that are trading at inflated levels for long periods of time but only a few of them back it up with the financials. Nick Scali is a class act. The funny thing is they haven't approached the market once for a cap raising. The shares outstanding remain the same for many years (no b.s diluted share base), high rates of return on equity and the stated profits can be backed up by strong cash flows. In this case the company doesn't need the market. The market needs the company. Nick Scali, just flexing its muscles. Just goes to show the disciplined approach that management have shown over the years. You can only create value in acquisitions if you don't overpay and imo they paid a good price for plush. Hopefully many more of these to come in the forseeable future. If you have a longer term view on Nick Scali and you can manage to turn off the noise, then is a cracker stock to have in your portfolio. Good luck to all holders.