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Investment action
I recommended a buy rating for Vinci SA (OTCPK:VCISF) when I wrote about it the last time, as I really liked the business's ability to generate tons of FCF through its portfolio
Vinci SA: Reiterate Bullish Position As B/S And FCF Remains Strong
Summary
- I reiterate a buy rating for Vinci.
- The growth outlook for VCISF remains positive, with strong demand for core assets and opportunities for growth in other contracting assets.
- The company's strengthened balance sheet and consistent free cash flow generation provide a cushion in a rising rate environment.
I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuation
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