The Company provides 'best practices' research, decision support tools and executive education focusing on corporate strategy, operations and general management issues.
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Ridiculously profitable. Business model is amazing - requires very little capital investment to grow, and almost every dollar of earnings growth falls through to free cash... allowing them to continue funding share buybacks and dividend hikes. Plus, they have no direct competitor and in the meantime have already locked up 80% of the Fortune 500. That's a moat, folks. Add to this soup a 3-pronged growth approach - externally (more companies), internally (more programs), and laterally (existing customers uptaking more programs). And it's as cheap as it's ever been. Good opportunity.