The company quickly squeezes cost out of its acquisitions, which also generate revenue synergies.
Acquisitions also provide new customers, segments, products, and capabilities; the whole is getting bigger than the sum of the parts.
The underlying model is profitable enough to start taking out the preferred shares, which carry an 11% yield, but new acquisitions prevent this from happening.
Looking for more investing ideas like this one? Get them exclusively at SHU Growth Portfolio. Get started today »