Sometimes companies just fall off your radar for a while, particularly when you get frustrated waiting for an entry price that suits your needs. So it has been with RPM (NYSE:RPM), for me, but I haven’t missed out on all that much over the last seven years or so, as the shares have underperformed the S&P 500, as well as peers/rivals like Sherwin Williams (NYSE:SHW) and Sika (SXHAY).
RPM has kept up its pace of niche acquisitions, but has significantly improved the business in recent years through its “Map To Growth” program by cutting costs and breaking down some of the walls between its operating businesses and pushing for synergies and collaboration where appropriate. On the other hand, the company is facing tough comps in its consumer business and a tough cost/supply outlook in the near term. RPM isn’t “can’t miss” cheap at this point, but there’s enough here to at least merit a spot on a watch list.
Read the full article here:
With Tough Comps And Price Pressures, RPM International Worth Watching
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