Solving the Flight Centre enigma (Part 2)
findthemoat In part 1 we looked at how Flight Centre’s superior ROIC at the store unit level enabled it to rapidly expand its store network against the seemingly insurmountable secular shift…
Solving the Flight Centre enigma (Part 1)
My previous article on iSentia delves into the importance of discerning between a moat business with the ability to reinvest within its moat at high ROICs versus a moat business…