Lead author: Frank WANG.
Source: scw-mag.com.
Background
The stock of The Toro Company (TTC) got our attention, as the business substantially increased its FCF per share while steadily improving its annual return on tangible assets since the last economic downturn (see the chart below).
Source: GuruFocus; data as of 11/11/2019.
Source: GuruFocus; data as of 11/11/2019.
We decided to perform a detailed analysis of the company, trying to find out the "invest-ability" of the stock. Our examinations of the economic moat and growth strategy of the business make us decide to pass