Todd Wenning, CFA, President and CIO at KNA Capital Management, joins the podcast to discuss his thesis on Ecolab Inc. (NYSE: ECL), a global sustainability leader offering water, hygiene and infection prevention solutions and services.
For more information about KNA Capital Management, please visit: https://www.kna-capital.com/
To subscribe to Todd's newsletter, Flyover Stocks, on Substack, please visit: https://www.flyoverstocks.com/
You can Follow Todd Wenning on Twitter/X @ToddWenning: https://x.com/ToddWenning
Chapters:
[0:00] Introduction + Episode sponsor: Daloopa
[1:24] What is Ecolab $ECL and why is it interesting to Todd
[3:38] What is Todd seeing that the market is missing with $ECL
[6:30] $ECL achilles heel and how they are addressing that / understanding the upside
[12:33] $ECL business and major drivers for growth
[20:11] Water vertical / why Ecolab's products and services are critical to data centers, hospitals
[26:29] Does it make sense for $ECL to have all these businesses under one roof?
[29:22] Cintas comparison: market penetration / has $ECL ever lost a QSR?
[36:18] Insider ownership and incentives / Bill Gates investment, starting to sell through Cascade
[45:47] Debate on AI and automation with Ecolab
[51:37] Difference between Ecolab and Cintas or Costco
[57:16] What would cause $ECL to regress to the mean
[1:00:57] $ECL Final thoughts
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