RPM International Inc. makes specialty coatings and products for the structural waterproofing and corrosion control markets, as well as products for the consumer, do-it-yourself and hobby markets.
Historically, RPM has relied on its diverse product offerings to generate consistent free cash flow over the economic cycle. The company has competitive advantages in its coatings markets based on its strong brand identity, high entry barriers, patents and reputation. However, I have concerns about outstanding asbestos-related lawsuits and its current valuation. RPM is trading well above my buy price of $15.33, so for now I will remain on the sidelines.
Source: Dividends Value
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