It's a quality business. A long term compounder and all of this new housing supply will only add to the stocks of homes requiring renovation down the track which is where DLX has its market share.
I'm lukewarm on the UK acquisition. I get the impression it was cheap based on the words "asset value purchase", but it is very small, potentially a distraction... Lets hope it's not an excuse for a few business class tickets to London each year.
DLX Price at posting:
$6.21 Sentiment: Hold Disclosure: Held
