Just looking at the metrics interms of ROCE (>25% over 7 years), NPM (10-12% over 7 years) and operating margins reaching 18-19%. It seems like there is something special that BDL is doing as these numbers are being sustained over a 7 year period are very above average. It seems to be very difficult to identify the moat in BDL. Is it purely the sales team’s expertise? or is it the distribution network with multipe hospitals thats creating a very sticky business for BDL?
Whatever BDL is doing is different from the pack.
Any thoughts?
| Subscribe To Our Free Newsletter |
