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REH moat, page-142

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    "But how is REH going to use this efficiency advantage and expertise with Viaduct? This business does not supply to small plumbers but supplies to large contractors that are very price conscious?"

    @SA1588,

    I'll be honest: I don't really know.

    Sometimes - not often, but on rare occasions - it pays to accept it when company managers say, "Trust us on this one."

    Given the track record of this particular collective of managers, I'm happy to consider this to be one of those rare occasions where I trust them.
 
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