Fair enough, for most of us that are well versed in this company, there's not much new in my article. However, I think the perspective on AYSI's quality as a business, particularly its sustainable ROIC hasn't been publicly touched upon or amply developed. I think this is something we sometimes miss because the valuation of the equity is so extreme. I think the EPV valuation was also new, but I could be wrong here.
As a side note to the company's ROIC, if you adjust invested capital, removing the CAPEX spent on the indonesian plant from year 2012, ROIC is actually higher than what I shared! Above 35%.
By the way, as a token of my appreciation to you guys, I actually linked this board in the article.
Cheers and happy halloween!
