The TJX Companies (TJX), mcap=$69bn, price $59 vs $63

Pitch: Established compounder selling at a market multiple. Leading off-price apparel retailer with 4.7k stores and 25% ROIC. 10% expected growth with unit count projected to increase +30% over the longer term. The business is seemingly immune to AMZN and e-tailer competition.

Valuation: TJX currently trades at 22x 2021 PE.

Exp. gain: Not specified

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