How Michaels Became the Largest Provider of Arts & Crafts in America Part 2 | #144

Michaels is the largest arts and crafts retailer in America. It all started with a single store in Dallas, Texas. In this video, learn about how Michaels became such a powerhouse company. Find out what sets it apart from its competitors. Michaels offers a wide variety of arts and crafts supplies, as well as classes and events for people of all ages and skill levels.

Episode Outline

(00:00) Introduction

(01:46) Does the Company have enough cash to maintain its business?

(07:33) Benefits

(10:21) Cash Flow

(11:36) Does a company have a reasonable debt level?

(12:28) How does the management handle excess capital and what's their buyback strategy?

(25:49) Margin Safety

(26:50) Buyback and Debt.

(30:25) Conclusion

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