Jun. 20 at 8:51 PM
$SAM Average Price/Gross Profit is ~5x , today it sits at just 2.4x P/GP. If we look past the bottom half shakeups of the income statement over the past several years, and look higher up the income statement to the gross profit, gross profit continues to hit new highs and grow in the range of 6% , but on a per share basis is much closer to low-mid teens showing efficiency within the business and capital allocation even as revenues have peaked and remained flat for several years.
