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Two excellent examples are home improvement juggernaut The Home Depot (NYSE: HD) and resale goods franchisor Winmark (NASDAQ: WINA). With annualized total returns of 22% and 25%, respectively, over the last 15 years, these two compounders have stock charts that border on art. Image source: Getty Images.
Finally, Q2 industrial resale of $234 million declined 10% year on year. And for fiscal '24, we now expect industrial resale to be down double-digit percentage year on year, compared to our prior guidance for high single-digit decline. So, that's the return on investment that attracts and keeps us going at this game.
First, we said then, as we say now, that we maintain volume and production as our constant and margin as our shock absorber, and we manage our business with certainty through volatility, staying focused on production, inventory turn, cash flow, and return on assets. pace that you set your margin shock absorber to in your words?
But I think just to look at it more broadly, right, AI is -- really, the more we look at it, the more excited we are for that asset growth multiplier across our many businesses. Of course, that is a product form factor which can be added to our large DAU products like Weixin and QQ over time. Thank you, Martin and James.
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