REH 2.40% $24.29 reece limited

REH moat, page-141

  1. 7,936 Posts.
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    "And that's what you call very high switching costs. Switching for little gain and potentially lots of pain? Perhaps not."

    When you distil it down to its essence, it is a beautiful business model due, in no small part, to its simplicity and in the doing of some very basic things very well.

    But we should stop this infatuated gushing about the business, because any positive disposition towards Reece appears to induce a degree of anxiety in @crazypunter.
    For some strange reason.
 
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