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W.W. Grainger

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  1. The Policy Portfolio and the Next Equity Bear Market

    On Monday, W.W . Grainger GWW reported third-quarter results, with sales and operating profits up 6% and 11%, respectively, from the year-ago period. The results tracked fairly closely with our modeling assumptions, and we are maintaining our $67 fair value estimate. While growth appears to be ...

  2. The Nuts and Bolts of Industrial Distributor Moats

    Cost advantages and network effects work in their favor.

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