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ASX Supply Logisitics company, Brambles (BXB), is all about Pallets (and containers, plus crates). Brambles hasn't shown significant or exciting growth over the past ten years and even the dividend yield is unaspiring yet the PE ratio for BXB is above 20. So the market must expect some good growth from Brambles over the next few years. The management of BXB mentioned their 'disciplined' approach to capital management (not following with possible transition to plastic palllets for Costco) YET during a free cash flow negative FY22 the company increased their debt to buyback shares AND to pay dividends to their shareholders. IMO, this is NOT disciplined capital management. Particularly as they expect the company to remain free cash flow negative in FY23 ► How to Find the BEST Small Cap Stocks • How to Find the BEST Small Cap Stocks ► What is an Appendix 4C? • What is an Appendix 4C? ► Personal and Business Inquiries kneppyinvests@gmail.com ► Social Media Twitter: / kneppyi