Tractor Supply: Time To Let A Winner Go (Rating Downgrade) (NASDAQ:TSCO)

Core Insights - The decision has been made to sell the holding in Tractor Supply Company (NASDAQ: TSCO) due to a shift in investment strategy [1] - The focus is on long-term investment in U.S. and European equities, emphasizing undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is viewed as a more reliable driver of returns than valuation alone [1] Investment Philosophy - The investment approach is informed by a diverse academic background, enhancing both quantitative analysis and market narrative interpretation [1] - The goal of investing is to ensure financial freedom for the investor and their family, allowing for the ability to work in a fulfilling manner rather than seeking to avoid work altogether [1]