Croup
What are you on about
"They keep the profits for themselves"
"Huge turnover small profit"
CLO profit to turn over has a lot more to do with the nature of their business - Multi million $ contracts that have a high cost component.
They have also stated there has been a transition from being a private company where a major aim was to reduce tax (therefore profits) to being a public company where the aim is to increase returns to shareholders (profit)
Either way the value of the company is being strengthened either by a sronger balance sheet or increased profits.
So where do you get that the management are benefiting.
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