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  "documentTitle": "Arconic Inc. (ARNC)",
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      "text": "Good companies build virtuous circles of mutually reinforcing activities – flywheels that generate sustainable profits over the long-term. PCC uses cost leadership and sole source positions to gain leverage which drives incremental volume (primarily) and price (secondarily). This leads to higher free cash flow, which provides the funds to invest in cost-reducing capex and acquiring companies with sole source positions",
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