Read on Twitter
New Post: A brief discussion of why I think incumbents in the defense industry, waste disposal, and specialty chemicals enjoy competitive advantages that should prove durable for decades to come. https://fortunefinancialadvisors.com/blog/three-industries-with-durable-moats/
Of these, I think waste disposal is under-appreciated as far as moats go. The environmental concerns are real, and regulatory burdens / costs constitute large barriers to entry
Here's an interesting article from last year that breaks down a lot of info from waste co 10-Ks: https://www.wastedive.com/news/10-insights-from-public-waste-company-10-ks/549576/
For new folks, my mantra on moats https://twitter.com/lhamtil/status/1207670357324382208?s=19
I believe $SHW is classified as a specialty chem. It fits this description; the actual paint, as i understand it, is a small cost of a paint job, so pros are not likely to opt for a cheaper substitute as it may require more coats, and thus use more time, & so eat profits
