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
