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Long's Law, Toll Bridges, And Durable Competitive Advantage
2016-03-17 14:05:52| Beverages - Topix.net
Long's Law states that long-term free cash flow margins in any industry over a multi-decade time frame tend towards the inverse of the number of competitors in that industry. For example, in an industry with three competitors, FCF margins will tend towards 33.33% or 1/3.
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Category:Food and Related Products
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