by Aspellian » Sat Oct 31, 2009 3:40 pm
Perfect example of super-low capex and super-super-good FCF and high dividend - VICOM. One of the favourite of cif5000.
I was at VICOM last sat for car inspection - i am charged >$70 for "simple inspection" work of <15mins!! I am sure the inspection facilities doesnt require major changes (no change in car inspection technologies - ah ya, what's so difficult in inspecting car tyres alignment, brake efficiencies (using resistant rollers) and headlights' intensity!!). There's no major expansion plan - there's sufficient area coverage in spore.
If you get this darling at <$1.00 = you could be seeing 20-30% of dividend yield each year for the REST OF YOUR LIFE!!!!!