CMG.TO Investment Thesis

25.9% ROIC, 65% Recurring Revenue, Down 44% From Highs

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Today's stock:

• 18.9x P/FCF, 17.3x forward P/FCF

• 65% recurring revenue

• 25.9% ROIC

• 40+ years of category leadership

• 100% penetration among the largest global playe…