VOLEX - double your money and take it away

Hi gripfit

Not sure why you post here about FWY unless you know I hold it also. FWY is an IT distributor whereas VLX is in electronics assembly. Not the same activities or markets though some overlap.

FWY is on narrower margins than VLX and so less operational leverage but you're right that FWY is aleady profitable unlike VLX. If you like FWY, then you may like Northamber (NAR) which is even more of a box mover than FWY but NAR has become profitable in its last H2 ending 30 June and has a low enterprise valuation, if in can improve profitability, and a solid looking balance sheet.