Last June, I wrote an article about CarMax, Inc. (NYSE: KMX ) called I Would Not Make a Long-Term Investment , in which I said that I didn't see any competitive advantages and found the My primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a ...