Which Small Capital Stocks Will Graduate to the Big League? A Series on Treasured Investing Tactics for Today
Unfortunately, there is no single route to success in business and stock investing. Sometimes, entirely contradictory approaches produce equally creditable results. The ‘specialization versus integration’ debate is an example. Some of the world’s best corporations remain sharply focused on a narrow business definition. Others build value for their stocks through horizontal integration. Customers are best placed to determine the optimal focal length of business scope. Careful analysis of a decision-making model can reveal how broad a range of products and services should be. A vegetable market cannot specialize in tomatoes alone. However, an expectant mother would hardly care to visit…