Chris McIntyre thinks Sotera is an incredible business at a good valuation $SHC
Chris McIntyre returns to the podcast to discuss Sotera Healthcare (SHC), why he thinks it's such a good business, and why he thinks the stock is still undervalued even after a big run in the wake of putting their legal liabilities (largely) behind them. Chapters 0:00 Intro 2:15 Sotera Overview 5:30 What makes Sotera such a good business? 14:30 Why it's so unlikely a new competitor can enter the space 19:55 Discussing Sotera's "growth algorithm" 23:30 Sotera's multiple / valuation 32:00 Historical legal liabilities overview 38:45 The "science" behind the legal liabilities 43:15 SHC's settlement and putting the legal liabilities behind them 49:00 Why Georgia is not the same risk as Illinois was 53:35 Sotera's controlling shareholders and their plans for the company 56:00 M&A and roll up possibilities 1:00:45 Closing thoughts