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Three profitable companies with warning signs are Alta Equipment Group (ALTG), Moog (MOG.A), and Voya Financial (VOYA). They have muted revenue growth, declining free cash flow margins, and unattractive investment opportunities. ALTG trades at 0.8x forward EV-to-EBITDA, MOG.A at 21.5x forward P/E, and VOYA at 7x forward P/E.

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