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Msg  9 of 17  at  8/25/2022 11:16:49 AM  by

skiplarson98


cause of sudden jump today

is apparently the announcement of RPM's plan for MAP2025 expressed positively.  Sounds a little more promotional than the company has traditionally been and I suppose just a one time benefit.  Investor day in early Oct also sounds like Sullivan is not opposed to a bit more aggressive stock price encouragement--like QCOM and those two are my largest holdings.
 
While RPM is a wonderful amalgamation  of companies in related contstruction businesses, I can't quite imagine them growing profits all that fast.  However, having a higher stock price makes acquisition of small companies more efficient and profitable.  A high PE assigned to new earnings from smaller company which was bought while in a low PE status leads to false but promising growth.  RPM has been doing it for a long time and the largest misstep has been buying companies with asbestos exposure.  I expect they are more careful now--but chemicals are inherently dangerous businesses since one cannot always predict what might turn out to be a threat.


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