Core Insights - Qualcomm (QCOM) stock is considered attractive due to its monopoly-like high margins available at a discounted price [1] - The company generates consistent and predictable profits and cash flows through pricing power and high margins, which reduces risk and allows for capital reinvestment [2] Financial Performance - Qualcomm experienced a revenue growth of 15.8% over the last twelve months (LTM) and an average growth of 1.4% over the last three years [6] - The company reported an operating cash flow margin of nearly 29.3% and an operating margin of 27.8% for LTM [6] - Long-term profitability metrics show an operating cash flow margin of about 29.4% and an operating margin of 26.5% over the last three years [6] - The stock is currently available at a price-to-sales (P/S) multiple of 3.9, representing a 22% discount compared to one year ago [6] Investment Strategy - The selection strategy for stocks includes those with a market cap greater than $10 billion, high cash flow from operations margins, and those that have significantly declined in valuation over the past year [5] - Stocks selected using this strategy have shown average 12-month forward returns of nearly 19% since December 31, 2016 [5] - The Trefis High Quality Portfolio, which includes a collection of 30 stocks, has a track record of outperforming benchmark indices with better returns and less risk [10]