Analysis of Sotera HealthCare and Sterigenics Division

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