Core Thesis - The investment thesis for Sally Beauty (SBH) is based on the expectation of rapid EPS growth driven by significant stock buybacks and an efficiency plan aimed at cost reduction [1] Financial Performance - The implementation of the efficiency plan is anticipated to further enhance EPS by lowering operational costs [1] Investment Strategy - The focus is on long-term investment opportunities, with a strategy to hold stocks for several years, particularly in sectors like restaurants, retailers, and food manufacturers [1]