As a very loose rule of thumb, when I see a company with a solid history
of returns on capital, good market share, and a clean balance sheet
trading for mid-single digit multiples to EBITDA, I take a closer look.
In the case of Hoya Corporation (HOCPY.PK),
the debate is pretty simple - will this company ever really grow again
or not? Nobody really seems to doubt that the company's traditional
technology businesses have likely peaked (at least from a growth
perspective), but there's ample doubt as to whether the company can (or
will) reallocate its assets and build itself into a growth story once
again.
Please read the full article here:
Is The Growth Story Over For Hoya Corp.?
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