Micro-Mechanics (Holdings)

[chialc88]

@K,
Apologies.

Let me start/try again.

It's clear that MM had and will continue to have exceptional GPM and NPM.
- this you can trace and make your own conclusion.

It's also clear that MM is able to translate it's profits into cash (FCF)
- essentially MM is building a rock solid cash generation machine/business.

Last but not least, MM's OPMI friendly dividend (yield)
- continuous dividend dished out every year 

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Back to it's GPM, NPM, FCF, dividend (yield) and net cash,
it's no brainer that MM is a market leader in it's industry.
It' must have something proprietary that maintain it's pricing power all these years.

Let me remind you on what Kazukirai says: "Tortoise and the Hare".

MM is not the Hare but the Tortoise.

We are not expecting MM to shoot up in short term
but we are very sure that MM will definitely be a GEM in a long run.


Of course, there are a lot of reasons (business decision actually),
why MM can command such a high GPM, NPM, FCF and dividend without dig into debt.

It takes time to understand.

Meanwhile, enjoy: